OR HB3779

Requires debt resolution service providers to register with the Department of Consumer and Business Services and file a surety bond of $10,000 to $50,000 before operating in Oregon

Prohibits debt resolution providers from charging fees until they successfully negotiate, resolve, or reduce at least one consumer debt and the consumer makes at least one payment under the resolution agreement

Mandates detailed written agreements disclosing services, fees, estimated timelines, and warnings that debt resolution may adversely affect credit, result in continued collection efforts, and create taxable income from forgiven debt

Requires providers to deliver monthly account statements showing deposits, withdrawals, fees charged, and debts resolved, and prohibits deceptive advertising, fake reviews, or misrepresentation of services

Takes effect on the 91st day after the 2025 legislative session adjourns, with provisions becoming operative January 1, 2026