HB 4430 Summary

• Requires applicants and licensees under seven financial services acts to provide an email address of record to the Department of Financial and Professional Regulation.

• Permits the Department to serve notices, orders, and legal documents via email to the designated email address of record, with service deemed complete when sent.

• Establishes that service by certified mail is deemed complete when deposited in United States mail, and service by email is deemed complete upon transmission.

• Applies to credit unions, money transmitters, sales finance agencies, debt management services, consumer installment loan providers, debt settlement providers, and payday loan lenders.

• Adds definitions of "email address of record" and relevant department entities across all affected regulatory acts.