Senate Sponsors: O'MALLEY. Short description: CUR XCHNG-LLC-DEBT MGT ACT Synopsis of Bill as introduced: Amends the Currency Exchange Act. Provides that the Act applies to limited liability companies and authorizes limited liability companies to conduct business as a currency exchange. Amends the Financial Planning and Management Service Act. Changes the title of the Act. Changes the short title to the Debt Management Service Act. Provides that the Act applies to the business of planning and managing the financial affairs of a debtor including receiving money from the debtor to pay debts. Establishes procedures for revocation and suspension of licenses. Provides for annual examinations of licensees. Limits fees that may be charged. Requires client funds to be maintained in trust funds. Effective January 1, 1998. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status