California’s Check Seller, Bill Payer and Proraters Law Expanded to Require non-California Domiciled Debt Settlement Providers to be Licensed and Comply with Substantive Provisions
By EsqSocial Corporation 27/10/20
Among the suite of consumer protection bills signed into law last month by California Governor Gavin Newsom is AB 2524. The bill, as enacted, is a less-expansive version of an assembly bill that would have created an entirely new and broad system of regulation over debt settlement companies through amendments to the Check Sellers, Bill Payers and Proraters Law. Despite the apparent specificity in the title, the Proraters Law applies broadly to any individual or corporation engaged or planning to...
By: Ballard Spahr LLP