HB 4141
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
2026 Regular Session
Committee
Commerce and Consumer Protection
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Sign in to take actionPublic sentiment
Support
50%
Oppose
50%
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes a system for regulating debt resolution services in Oregon. It requires debt resolution service providers to register with the Department of Consumer and Business Services and outlines specific activities they are allowed and prohibited from undertaking. The bill aims to protect consumers by ensuring transparency and accountability in these services, defining key terms, and establishing requirements for record-keeping and disclosures.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Vikki Breese-Iverson
Cosponsors
Emerson Levy
Arguments in favor
Reasons to support this legislation.
Supporters of House Bill 4141 generally agree that extending protections to small businesses and providing consumers with an additional option for debt resolution are crucial. Many the need for a regulated debt relief industry, citing concerns about financial instability and the struggles of low-income households. Personal experiences shared by several testifiers highlight the benefits of having a defined path to becoming debt-free, including reduced financial stress and improved economic stability. Additionally, advocates argue that an additional option focused on long-term savings can help consumers and the economy in Oregon, particularly during times of severe economic crisis, such as the current median household income being 8,000 below the comfortable threshold.
Source: Testimony Summaries
Arguments opposed
Reasons to oppose this legislation.
The opposition to HB 4141 is centered on concerns that the bill would legitimize industry practices found to be abusive and ineffective, particularly for vulnerable populations such as older adults and low-income communities. that deregulating debt settlement regulations would enable companies to prioritize profits over consumer well-being, leading to devastating financial consequences, including excessive fees, misleading information, and exploitative business practices. Many also contend that the bill would weaken Oregon's laws protecting financially strapped consumers, exposing them to predatory debt resolution services that often leave consumers in worse financial condition than when they started.
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