SB2457

SB2457 amends the Collection Agency Act to update definitions, modify fee rates, and clarify exemptions for certain entities.

SB2457 amends the Collection Agency Act by updating definitions such as "collection agency" and "debt," modifying the fee rate for child support collections to between 25% and 35%, and clarifying exemptions for specific entities like banks and public officers. The bill also removes the Collection Agency Act from the list of Acts scheduled for repeal under the Regulatory Sunset Act.