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UTAH STATE SENATE
UTAH STATE CAPITOL COMPLEX * WEST OFFICE BUILDING, SUITE W115

P.O. BOX 145115 * SALT LAKE CITY, UTAH 84114-5115 * (801) 538-1035

        January 23, 2007

Mr. President:

    The Business and Labor Committee reports a favorable recommendation on S.B. 101, CREDIT SERVICES ORGANIZATIONS ACT CHANGES, by Senator L. Hillyard, with the following amendments:

1.    Page 2, Lines 38 through 44 :    

             38          (3) (a) "Credit services organization" means a person who

  represents oneself or an employee as a debt professional or credit counselor, or       , with respect to the

             39      extension of credit by others, sells, provides, or performs, or represents that the person can or
             40      will sell, provide, or perform, in return for the payment of money or other valuable
             41      consideration any of the following services:
             42          (i) improving a buyer's credit record, history, or rating;
{   or   }

             43          (ii) providing advice, assistance, instruction, or instructional materials to a buyer with
             44      regard to Subsection (3)(a)(i)
{   .   }        ; or

    (iii) debt reduction or debt management plans.  


        Respectfully,

        Kevin T. VanTassell
        Committee Chair
Voting: 2-0-5
3 SB0101.SC1.wpd anicholson/AMN CRP/RCN 1/23/07 3:54 pm

Bill Number
Action Class
Action Code

*SB0101*
*S*
*SCRAMD*

 SB0101
S
SCRAMD