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91st General Assembly · Funnel one-pager · Monday, November 9, 2026

SSB 3090: Relating to debt management programs, services, fees, and licensee requirements

Became SF 2298 · Its progress continues under the new number.

What it does

This bill relates to debt management, services, fees, and licensee requirements. Under current law, if a debt management program (program) is based on a model which requires a licensee to receive money or evidences thereof from a debtor to distribute to the debtor’s creditors, the licensee who receives the money for distribution shall maintain a separate bank trust account in which all payments received from the debtor for the benefit of creditors shall be deposited and shall remain until a remittance is made to either the debtor or the creditor.

Sponsors

Not listed

Cost

No fiscal note

Senate subcommittee · named January 28, 2026

  • Sen. Jeff Reichman (R) · jeff.reichman@legis.iowa.gov
  • Sen. Izaah Knox (D) · izaah.knox@legis.iowa.gov
  • Sen. Jason Schultz (R) · jason.schultz@legis.iowa.gov

Lobbying · 2 for, 1 against

For: Americans For Prosperity; Association for Consumer Debt Relief c/o MultiState Associates LLC

Against: Iowa Division of Banking

In plain words

  1. January 28, 2026Filed in the Senate and sent to the Commerce committee
  2. January 28, 2026Senate subcommittee named: Reichman, Knox and Schultz
  3. February 3, 2026Subcommittee recommended passing it
  4. February 11, 2026Approved by the Senate committee, and given a new number: SF 2298

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/91/SSB3090