OR HB4141

Requires debt resolution service providers to register with the Department of Consumer and Business Services and maintain a surety bond between $10,000 and $50,000

Prohibits debt resolution providers from charging fees until they successfully negotiate at least one debt settlement and the consumer makes at least one payment under that settlement

Mandates detailed written agreements with consumers that disclose services, fees, estimated timelines, and warnings about potential negative impacts on credit scores and tax consequences

Requires providers to deliver monthly account statements showing deposits, withdrawals, fees charged, and debts resolved, and to maintain consumer records for three years

Takes effect on the 91st day following adjournment of the 2026 legislative session, with substantive provisions becoming operative January 1, 2027