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FL H0599
Bill
Status
Passed
6/12/2023
Primary Sponsor
Commerce Committee
Click for details
AI Summary
- Amends Florida Statute 817.802 to modify maximum fees charged for debt management and credit counseling services
- Reduces ongoing monthly fee cap from 15 percent to 7.5 percent of monthly amounts paid by debtors
- Reduces monthly flat fee option from $75 to $35 per month for debt management services
- Changes fee structure to require charging "up to the lesser" of the percentage or flat fee amount (previously "greater")
- Effective date: July 1, 2023
Legislative Description
Debt Management Services
Last Action
Chapter No. 2023-206
6/12/2023
Committee Referrals
Commerce Committee3/15/2023
Insurance And Banking Subcommittee2/14/2023
Full Bill Text
No bill text available