HB 3779
Requires a person that provides debt resolution services to consumers in this state to register with the Department of Consumer and Business Services and regulates the activities of debt resolution service providers.
Jurisdiction
Oregon
Session
2025 Regular Session
Committee
Commerce and Consumer Protection
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Sign in to take actionPublic sentiment
Support
100%
Oppose
0%
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
House Bill 3779 aims to regulate debt resolution services in Oregon by requiring providers to register with the Department of Consumer and Business Services. The bill establishes rules for these services, including disclosures to consumers, limitations on fees, and requirements for record-keeping. It also addresses issues like dedicated accounts and potential conflicts of interest to protect consumers.
Key provisions
- Requires debt resolution service providers to register with the Department of Consumer and Business Services.
- Establishes specific disclosures that providers must provide to consumers regarding fees, services, and potential risks.
- Limits fees that providers can charge and outlines how those fees can be structured.
- Requires providers to maintain accurate records and provide access to the Director for investigation purposes.
- Addresses the use of dedicated accounts and sets requirements for their administration.
- Prohibits certain deceptive practices, such as misleading representations about successful outcomes or guarantees.
- Specifies conditions under which a debt resolution service provider can negotiate on a consumer’s behalf.
- Outlines exemptions for certain entities, such as attorneys and government agencies, from registration requirements.
Who is affected
- Consumers of debt resolution services
- Debt resolution service providers
- The Department of Consumer and Business Services
Sponsors
Official sponsors from legislative records.
Primary sponsor
Vikki Breese-Iverson
Cosponsor
E. Werner Reschke
Arguments in favor
Reasons to support this legislation.
Supporters of debt resolution services in Oregon argue that the state's history with debt resolution, including the implementation and subsequent removal of HB 2191, has resulted in inadequate access to these services for consumers. They advocate for a more comprehensive approach, citing the need for federal regulations that balance consumer protection with business needs. Specifically, they propose amending House Bill 3779 to extend protections not only to small businesses but also to organizations, ensuring equal access to debt resolution services for all parties involved. By doing so, supporters aim to create a more inclusive and equitable system that addresses the diverse needs of Oregon's consumers and businesses.
Source: Testimony Summaries
Arguments opposed
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