3E Regulating debt management services; expanding accreditation definition; allowing proof of accreditation waivers for certain previously licensed state debt proraters and allowing the commissioner of commerce to waive accreditation and registration requirements; modifying registration terms and bond requirements; providing an exception to debtor signature under certain conditions; requiring registrant annual report filing with the commissioner; authorizing disbursement to be made from a trust account to an account established solely for the purpose of making disbursement to debtors and creditors; repealing license to operate a debt prorating service disqualifications under the criminal code
(Ch. 210, 2008)