Pennsylvania HB1302 limits medical debt interest to 6% and allows for legal action for violations.

Pennsylvania HB1302, known as the Medical Debt Interest Act, sets a cap on the interest rate for medical debt at 6%. It defines health care providers and medical debt collectors, prohibiting them from charging more than 6% interest on medical debt. The bill also classifies violations as unfair or deceptive practices and allows individuals to seek equitable relief through court. The act will take effect 60 days after its passage.

Pennsylvania HB1302 limits medical debt interest to 6% and allows for legal action for violations.

Pennsylvania HB1302, known as the Medical Debt Interest Act, sets a cap on the interest rate for medical debt at 6%. It defines health care providers and medical debt collectors, prohibiting them from charging more than 6% interest on medical debt. The bill also classifies violations as unfair or deceptive practices and allows individuals to seek equitable relief through court. The act will take effect 60 days after its passage.