North Carolina legislation · 2025-2026 Session
North Carolina H734: Modernize Debt Settlement Prohibition.
Status: In committee, April 28, 2025
What the bill says
An act to modernize and expand the prohibition of debt settlement by making debt settlement an unfair trade practice, clarifying the definition of debt settlement, expanding civil remedies available to debtors, and limiting debt settlement acts that are authorized and to make other administrative and technical changes.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO MODERNIZE AND EXPAND THE PROHIBITION OF DEBT SETTLEMENT BY MAKING DEBT SETTLEMENT AN UNFAIR TRADE PRACTICE, CLARIFYING THE DEFINITION OF DEBT SETTLEMENT, EXPANDING CIVIL REMEDIES AVAILABLE TO DEBTORS, AND LIMITING DEBT SETTLEMENT ACTS THAT ARE AUTHORIZED AND TO MAKE OTHER ADMINISTRATIVE AND TECHNICAL CHANGES. The General Assembly of North Carolina enacts: SECTION 1.(a) Article 56 of Chapter 14 of the General Statutes is recodified as Article 9 of Chapter 75 of the General Statutes as follows: Former G.S. Citation New G.S. Citation G.S. 14-423 G.S. 75-151 G.S. 14-424 G.S. 75-153 G.S. 14-425 G.S. 75-154 G.S. 14-426 G.S. 75-155 SECTION 1.(b) Article 9 of Chapter 75 of the General Statutes, as created by subsection (a) of this section, reads as rewritten: "Article 9. "Debt Adjusting.Adjusting and Debt Settlement Prohibited. "§ 75-151. Definitions. As used in this Article, the following definitions apply: (1) "Debt adjuster" means a person who engages in, attempts to engage in, or offers to engage in the practice or business of debt adjusting. (1) Affiliate. - Any person that controls, is controlled by, or is under common control with any other person. (2) "Debt adjusting" means entering Debt adjusting. - Entering into or making a contract, express or implied, with a particular debtor whereby the debtor agrees to pay a …
Sponsors
- Howard, Julia C. (R, 77) · primary sponsor
- Setzer, Mitchell S. (R, 89) · primary sponsor
- Jones, Brenden H. (R, 46) · primary sponsor
- Liu, Ya (D, 21) · primary sponsor
- Butler, Deb (D, 18)
- Longest, Tim (D, 34)
- Moss, Ben T. (R, 52)
- Scott, Paul (R, 111)
- Ward, Bill (R, 5)
Latest actions
- : Ref To Com On Rules and Operations of the Senate
- : Passed 1st Reading
- : Regular Message Received From House
- : Regular Message Sent To Senate
- : Passed 3rd Reading
- : Passed 2nd Reading
- : Placed On Cal For 04/16/2025
- : Cal Pursuant Rule 36(b)
- : Re-ref Com On Rules, Calendar, and Operations of the House
- : Reptd Fav
Votes
- Modernize Debt Settlement Prohibition. Second Reading (April 16, 2025): 112 yea, 0 nay, passed
Subjects: CONSUMER PROTECTION, COMMERCE, COURTS, FINANCIAL SERVICES, PUBLIC, DEBTOR & CREDITOR, SUPERIOR COURT, CORPORATIONS, FOR-PROFIT
Common questions
- What is H734?
- H734 is a bill in the North Carolina Legislature (2025-2026 Session): Modernize Debt Settlement Prohibition.
- What does H734 do?
- In its own words: An act to modernize and expand the prohibition of debt settlement by making debt settlement an unfair trade practice, clarifying the definition of debt settlement, expanding civil remedies available to debtors, and limiting debt settlement acts that are authorized and to make other administrative and technical changes.
- What is the status of H734?
- In committee as of April 28, 2025. Latest action: Ref To Com On Rules and Operations of the Senate (April 28, 2025).
- Who sponsored H734?
- Howard, Julia C. (R, 77), with 8 co-sponsors.
- Where is the official record for H734?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/H734
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.