Relating to debt resolution services; prescribing an effective date.

Summary

The bill rewrites Oregon statutes to create clear definitions for consumers, creditors, debt‑management services, and debt‑resolution services, and it mandates that anyone offering these services must register with the Department of Consumer and Business Services. It also lists a range of exemptions, including attorneys, banks, mortgage professionals, and certain public bodies. The goal is to increase oversight and protect consumers dealing with unsecured debt.

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

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