The proposed bill would amend current statutes by establishing specific prohibitions and requirements for individuals assisting with veterans' benefits matters. Under the new law, a person cannot act as an agent or attorney in preparing or presenting veterans' benefits claims unless recognized by the U.S. Department of Veterans Affairs. Additionally, individuals not acting as agents or attorneys would be limited to receiving compensation only for advising or training related to initial claims, supplemental claims, or higher-level reviews. They would also be required to file any fee agreements with the Attorney General's Office and ensure that any compensation is contingent on the veteran's benefits being increased, capped at a specified amount.

Furthermore, the bill introduces various consumer protections, including the requirement for written agreements that outline the terms of service and allow for a cancellation period without penalty. It prohibits misleading practices, such as guaranteeing specific outcomes or charging upfront fees. Violations of these provisions would be classified as unlawful practices, allowing the Attorney General to investigate and take action. The bill clarifies that these regulations do not apply to accredited agents or attorneys and provides definitions for key terms related to veterans' benefits matters.

Statutes affected:
Introduced Version: 41-610.03