05RS HB294


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HB 294 (BR 238) - S. Westrom, R. Damron, S. Brinkman, R. Crimm

     AN ACT relating to the business of debt adjusting.
     Amend KRS 380.010 to delete the definition of "debt adjuster" and "debtor" and define "person," "debt adjusting," and "reside"; create new sections of KRS Chapter 380 to establish the requirements for debt adjusting and require the Attorney General to promulgate administrative regulations to implement and enforce KRS Chapter 380; amend KRS 380.030 to conform; amend KRS 380.990 to provide penalties for violations of this Act; repeal KRS 380.020.


     HCA (1, B. Yonts) - Retain original provisions of the bill, except to require that persons engaging in debt adjusting pay an initial registation fee of $250 and renew registration annually thereafter for a fee of $250.

     Feb 3-introduced in House
     Feb 4-to Labor and Industry (H)
     Feb 7-posted in committee; posting waived
     Feb 8-reported favorably, 1st reading, to Calendar with committee amendment (1)
     Feb 9-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, February 10, 2005
     Feb 14-3rd reading, passed 92-0 with committee amendment (1)
     Feb 15-received in Senate
     Feb 18-to Banking and Insurance (S)
     Feb 24-reported favorably, 1st reading, to Calendar
     Feb 25-2nd reading, to Rules
     Mar 1-posted for passage in the Regular Orders of the Day for Wednesday, March 2, 2005
     Mar 2-3rd reading, passed 37-0; received in House
     Mar 3-enrolled, signed by each presiding officer; delivered to Governor
     Mar 8-signed by Governor (Acts ch. 38)

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