Business Regulation - Collection Agencies and Property Managers

Summary

The bill removes the licensing requirement for property managers who collect rent, utilities, or fees from tenants, provided the collection is limited to the lease term or holdover period and is not the manager’s primary business. It applies to property managers and clarifies that banks, credit unions, mortgage lenders, real‑estate brokers, lawyers, and other listed entities remain subject to existing licensing rules. The change is intended to ease regulatory burdens on property managers while preserving consumer protections for other debt‑collection activities.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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