AB 1166
Fair Debt Settlement Practices Act.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
California’s Fair Debt Settlement Practices Act, as amended by AB 1166, expands consumer protections related to debt settlement services. It extends these protections to commercial financing recipients and debtors, ensuring clearer disclosures about the process and potential risks. The bill also addresses unfair practices by debt settlement providers and payment processors, requiring detailed accounting and prohibiting certain deceptive tactics. Key changes include stricter disclosure requirements and limitations on fees.
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