Ohio HB534 establishes a licensing framework for debt resolution services providers.

Ohio HB534 introduces a licensing system for debt resolution services providers in Ohio. It mandates that any individual or entity offering debt resolution services must obtain a license from the superintendent of financial institutions. The bill outlines specific criteria for licensure, including background checks and fingerprinting for key officers. It also sets rules for the conduct of licensed providers, such as prohibiting certain fees and requiring transparency in agreements with consumers.

Ohio HB534 establishes a licensing framework for debt resolution services providers.

Ohio HB534 introduces a licensing system for debt resolution services providers in Ohio. It mandates that any individual or entity offering debt resolution services must obtain a license from the superintendent of financial institutions. The bill outlines specific criteria for licensure, including background checks and fingerprinting for key officers. It also sets rules for the conduct of licensed providers, such as prohibiting certain fees and requiring transparency in agreements with consumers.