California AB1166 amends the Civil Code to regulate debt settlement services, ensuring transparency and fairness.

California AB1166 amends the Civil Code to establish the Fair Debt Settlement Practices Act. This act mandates that debt settlement providers must not engage in false, deceptive, or misleading practices. It requires providers to offer clear disclosures and contracts to consumers before any services are rendered. Additionally, it prohibits providers from requiring consumers to enter into agreements with other parties.

California AB1166 amends the Civil Code to regulate debt settlement services, ensuring transparency and fairness.

California AB1166 amends the Civil Code to establish the Fair Debt Settlement Practices Act. This act mandates that debt settlement providers must not engage in false, deceptive, or misleading practices. It requires providers to offer clear disclosures and contracts to consumers before any services are rendered. Additionally, it prohibits providers from requiring consumers to enter into agreements with other parties.