Florida S1222 aims to regulate medical debt collection practices by limiting interest rates and prohibiting certain actions.

Florida S1222 amends the definition of "extraordinary collection action" and introduces new definitions for "medical debt collector" and "medical debt creditor." It prohibits these entities from engaging in specific activities, such as causing arrest, obtaining liens, garnishing wages, or using tax offsets. The bill also limits interest on medical debt to 2 percent per annum unless the debtor is eligible for financial assistance, in which case no interest or late fees can be charged. These provisions apply to judgments on medical debt as well.

Florida S1222 aims to regulate medical debt collection practices by limiting interest rates and prohibiting certain actions.

Florida S1222 amends the definition of "extraordinary collection action" and introduces new definitions for "medical debt collector" and "medical debt creditor." It prohibits these entities from engaging in specific activities, such as causing arrest, obtaining liens, garnishing wages, or using tax offsets. The bill also limits interest on medical debt to 2 percent per annum unless the debtor is eligible for financial assistance, in which case no interest or late fees can be charged. These provisions apply to judgments on medical debt as well.