_____________________________________________

ENGROSSED SUBSTITUTE SENATE BILL 5338
_____________________________________________

State of Washington

63rd Legislature

2013 Regular Session

By Senate Financial Institutions, Housing & Insurance (originally sponsored by Senators Hobbs, Mullet, Fain, and Benton)

READ FIRST TIME 02/20/13.

AN ACT Relating to debt adjusters; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1 A stakeholder group comprised of a representative of the office of the attorney general along with debt adjuster stakeholders including, but not limited to, for-profit and nonprofit debt adjusters conducting business in the state of Washington, shall convene to discuss the concept of creditor compensation known as "fair share" and whether debt adjusters may receive such compensation, among other related issues. The stakeholder group must provide any legislative proposals to the legislature by December 1, 2013.

--- END ---