Oct 27, 2022BoardMeeting
BoardDebt Collection Advisory Committee Meeting
The meeting focused on updates to the Debt Collector Licensing Program, including the process for conditional licensing and the implementation of background checks. Participants discussed recent legislation, specifically AB 156 regarding licensing and SB 975 concerning economic abuse protections. The committee reviewed the status of draft regulations, including exceptions for direct lenders and complaint handling rules. Additionally, the committee addressed the Safe Harbor provisions for debt collection companies and initiated a discussion on the advisory committee member reappointment process.