TO: | Honorable Helen Giddings, Chair, House Committee on Business & Industry |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB1854 by Giddings (Relating to requiring debt collectors to provide a copy of a dishonored check to certain consumers; providing a civil penalty.), As Introduced |
The bill would require a debt collector who contacts a consumer about a consumers’ alleged issuance of a dishonored check to provide the consumer, at the time of the initial contact, a photocopy of the check. A debt collector who fails to do so would be liable to the state for a civil penalty of up to $1,000 for each day the failure continues. The bill would take effect September 1, 2005.
The proposed legislation may result in new complaints, investigations or cases by the Office of the Attorney General, however, it is projected that this increase can be absorbed by current resources.
Source Agencies: | 302 Office of the Attorney General
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LBB Staff: | JOB, JRO, MS
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