Relating to debt management programs, services, fees, and licensee requirements

Where it is now

1. ✓
   Done: IntroducedJanuary 28, 2026
2. ✓
   Done: SubcommitteeJanuary 28, 2026
3. ✓
   Done: Senate committeeFebruary 11, 2026
4. –
   Skipped: Passes the SenateContinued as SF 2298
5. Next: House committee
6. Next: Passes the House
7. Next: To the Governor
8. Next: Signed into law

Became SF 2298 → Its progress continues under the new number. Go to SF 2298 What’s a funnel?

Amendments · 4

1 adopted · 0 failed · 3 never voted on. Newest first.

• S-5214 · filed April 27, 2026 by Sen. Jeff Reichman (R)

  AI summary This amendment changes how much companies can charge for debt management services by setting specific limits based on the total debt enrolled and the amount saved through settlement. It also clarifies that fees can be collected if a debtor completes the required payment terms.
  Never voted on
• S-5199 · filed April 20, 2026 by Sen. Jeff Reichman (R)

  AI summary This amendment changes the word quarter to half in the bill.
  Never voted on
• S-5198Strike everything · filed April 20, 2026 by Sen. Jeff Reichman (R)

  AI summary This amendment replaces the entire bill and adds a rule that companies cannot receive payments from third parties if they do not handle the debtor's money directly. It also requires companies to try to renegotiate a debt if a debtor fails to complete a settlement agreement and prohibits charging new fees for that extra work. Additionally, it limits total fees to 30 percent of the enrolled debt and requires fees to be collected incrementally over at least one quarter of the repayment period.

  Amends this SF 2298 to CONFORM to HF 2326
  Never voted on
• H-8274 · filed March 31, 2026 by

  AI summary This amendment adds a rule that if a person fails to finish paying off a settled debt, the company must try to renegotiate the terms without charging any new fees for that debt. It also limits total fees to 30 percent of the total debt enrolled and requires that fees for debts with multiple payments be collected incrementally over at least one quarter of the repayment period.
  Adopted
  April 1, 2026