SB 546
Collection Licensing Act: exceptions: billing agents.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill clarifies that the Debt Collection Licensing Act does not apply to billing agents, with certain exceptions. Specifically, it exempts billing agents who simply calculate, allocate, and deliver consolidated statements for rent, utilities, and other administrative fees related to residential or commercial tenancies, provided they don't initiate collection efforts like contacting debtors, threatening legal action, or referring debts to third parties. The bill also removes provisions related to the California Financial Literacy Fund.
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