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 END OF INQUIRY Full Text Bill Status