Bill Summary for H 541 (2015-2016)

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Bill: PROOF REQUIRED FOR DEBT/FEES.

Summary date: 

Apr 29 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 541 (Public) Filed Wednesday, April 1, 2015
AN ACT TO ALLOW COLLECTION ONLY WHERE ADEQUATE PROOF OF INDEBTEDNESS PROVIDED; TO CONFORM TO FEDERAL LAW; TO AID DEBTORS IN IDENTIFYING ACCOUNT OWNERS TO RESOLVE CREDIT ISSUES; TO SPECIFY THAT A CHARGE-OFF STATEMENT SERVES AS PROOF OF DEBT OWED; AND TO MAKE VARIOUS RELATED CHANGES.
Intro. by Collins, Szoka, R. Moore, Jeter.

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Bill summary

House committee substitute makes the following changes to the 1st edition:

Amends GS 58-70-35 concerning applications and permits to operate as a collection agency, raising the nonrefundable application fee to $1,250 from $1,000.