(at the request of Governor John A. Kitzhaber, M.D., for Department of Consumer and Business Services)
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Bill Title:
Relating to debt collection; declaring an emergency.
Catchline/Summary:
Provides that attorney authorized to practice law who renders legal services in course of representing client is not required to register as collection agency . Provides that attorney authorized to practice law in this state] who renders legal services in course of representing client is not required to register as collection agency in order to serve, file or convey certain legal documents or to communicate with debtor, as directed by client or court or in deposition or settlement conference, regarding pending or possible legal action to collect debt].
Increases from $10,000 to $15,000 amount of bond or irrevocable letter of credit that applicant for registration as collection agency or registrant must provide to and maintain with Department of Consumer and Business Services.
Specifies conditions under which out-of-state collection agency is exempt from registration as collection agency in this state.
Provides that Director of Department of Consumer and Business Services, in addition to issuing cease and desist order for violations of law in connection with collection of claims, may impose civil penalty and seek to compel person to disgorge payments of principal, interest or fees that person obtained in violation of law. Increases amount of civil penalty per violation from $1,000 to $5,000.
Provides that Department of Consumer and Business Services and Attorney General may exercise concurrent jurisdiction over unlawful debt collection activity.]
Declares emergency, effective on passage.
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SB 274 Joint Committee On Ways and Means Subcommittee On Transportation and Economic Development
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