state_legiscan_drain · CA
Collection Licensing Act: exceptions: billing agents.
February 20, 2025
Summary
If enacted, this bill would create an exception from the Collection Licensing Act for billing agents who are not engaged in debt collection. It would amend Section 100001 of the Financial Code to clarify that billing agents acting solely on behalf of a creditor are not required to obtain a debt collection license. This affects any entity performing billing services without collection activities, such as some servicers or fintechs.
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Source: https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB546
Common questions
- What does "Collection Licensing Act: exceptions: billing agents." cover?
- If enacted, this bill would create an exception from the Collection Licensing Act for billing agents who are not engaged in debt collection. It would…
- When was it published?
- It was published on February 20, 2025.
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