FL H1039

Permits creditors to assign the right to bill and collect consumer debt to assignees.

Requires assignees to provide written notice of assignment to debtors as soon as practical, or at least 30 days before taking collection action if the debt is in default.

Allows assignees to take certain actions within the 30-day period for defaulted debts, including providing federal disclosures, sending required notices under federal law, and accepting debtor-initiated payments.

Establishes that assignees are real parties in interest and may bring legal action in court to collect assigned debts that are in default, subject to the 30-day notice requirement.

Takes effect July 1, 2019.