The bill amends section 9.79 of the Revised Code and enacts new sections 4710.01 through 4710.19 to create a comprehensive licensing framework for debt resolution service providers in Ohio. It defines key terms related to the licensing process and mandates that licensing authorities compile a list of specific criminal offenses that could disqualify individuals from obtaining a license. The bill ensures that licensing authorities cannot deny a license solely based on a conviction or charge that does not result in a conviction. It also introduces a temporary period from April 4, 2023, to April 4, 2025, during which certain offenses cannot be used as grounds for license denial, while emphasizing the consideration of rehabilitation and the nature of past offenses in licensing decisions.

Additionally, the legislation establishes requirements for obtaining and renewing a debt resolution services license, including the necessity of a surety bond and a criminal history check for key officers. It outlines exemptions for certain professionals and details the grounds for license denial, suspension, or revocation. The bill enhances consumer protection by prohibiting misleading practices, requiring clear agreements, and ensuring that fees are only charged after successful debt renegotiation. It also sets strict advertising guidelines and establishes penalties for violations, with the new regulations set to take effect one year after passage. Overall, the bill aims to improve transparency and ethical practices within the debt resolution industry while safeguarding consumer rights.

Statutes affected:
As Introduced: 9.79, 4710.01, 4710.02, 4710.03, 4710.04, 4710.99