90th General Assembly
Summary of SB0794
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Senate Sponsors:
O'MALLEY.

House Sponsors:
SAVIANO-LANG

Short description: 
INTEREST-DEBT-COLLECTN AGENCY                                              

Synopsis of Bill as introduced:
        Amends the Interest Act. Provides  that  upon  30  days'  written      
   notice  to  the  debtor,  a  collection  agency may charge and collect      
   interest on behalf of a creditor.                                           
        SENATE AMENDMENT NO. 1.                                                
        Provides that a collection agency may charge and collect interest      
   upon 30 days written notice  to  the  debtor  in  the  absence  of  an      
   agreement between the creditor and debtor governing interest charges.       
        HOUSE AMENDMENT NO. 1.                                                 
        Provides that an assignee or agent of the creditor (rather than a      
   collection agency) may collect interest on behalf of a creditor.            
 
Last action on Bill: PUBLIC ACT.............................. 90-0417

   Last action date: 97-08-15

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   1


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