Indiana House Bill 1137 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 7 2019 - 25% progression, died in chamber
Action: 2019-02-21 - Second reading: ordered engrossed
Text: Latest bill text (Amended) [PDF]

Credit services organizations. Amends the definition of "credit services organization" for purposes of the Indiana statute governing credit services organizations to more closely align the definition with the definition of "credit repair organization" set forth in the federal Credit Repair Organizations Act. Makes conforming amendments by: (1) amending the definition of "buyer" in the Indiana statute; (2) repealing the definition of "debt settlement services" from the statute; and (3) amending a definitions section in the statute governing debt management companies. Provides that it is a deceptive act for a credit services organization to fail to disclose the credit service organization's contact information on all communications to consumers, data furnishers, creditors, and credit reporting agencies. Specifies that a person that receives a communication from a credit services organization that does not include the credit services organization's contact information may bring a cause of action to recover damages under the statute.

Credit services organizations. Amends the definition of "credit services organization" for purposes of the Indiana statute governing credit services organizations to more closely align the definition with the definition of "credit repair organization" set forth in the federal Credit Repair Organizations Act. Makes conforming amendments by: (1) amending the definition of "buyer" in the Indiana statute; (2) repealing the definition of "debt settlement services" from the statute; and (3) amending a definitions section in the statute governing debt management companies. Provides that it is a deceptive act for a credit services organization to fail to disclose the credit service organization's contact information on all communications to consumers, data furnishers, creditors, and credit reporting agencies. Specifies that a person that receives a communication from a credit services organization that does not include the credit services organization's contact information may bring a cause of action to recover damages under the statute.

Rep. Charles Burton [R]

2019-02-19 - House - House - Committee Vote (Y: 5 N: 4 NV: 0 Abs: 4) [PASS]

Date	Chamber	Action
2019-02-21	House	Second reading: ordered engrossed
2019-02-19	House	Committee report: amend do pass, adopted
2019-01-07	House	First reading: referred to Committee on Financial Institutions
2019-01-07	House	Authored by Representative Burton

Type	Source
Summary	https://iga.in.gov/legislative/2019/bills/house/1137/details
Text	http://iga.in.gov/static-documents/e/2/7/f/e27f131b/HB1137.01.INTR.pdf
Text	http://iga.in.gov/static-documents/4/f/b/a/4fbae56d/HB1137.02.COMH.pdf
Roll Call	http://iga.in.gov/static-documents/a/6/8/6/a686012c/HB1137.01.INTR.02.pdf