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ID S1195
Bill
Status
3/21/2019
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
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Amends Section 26-2229A of Idaho Code to clarify that attorney's fees must be limited to a reasonable fee and litigation costs must be as prescribed by court rule when collected by collection agencies.
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Modifies the conditions under which collection agencies can collect interest or charges incidental to a principal obligation, specifying that fees authorized by debt agreements are subject to the new reasonable fee limitation.
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Applies the amendment to licensed collection agencies and those required to be licensed under Idaho Code Chapter 26, Section 2229A.
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Maintains existing requirements for fair, open, and honest dealing by collection agencies and enforcement of federal fair debt collection practices standards.
Legislative Description
Amends existing law to provide for attorney's fees and litigation costs in certain instances.
COLLECTION AGENCIES
Last Action
U.C. to be returned to Business Committee
4/9/2019