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 criminal offenses that could disqualify individuals from obtaining a license, ensuring these offenses are relevant to the occupation. The bill also prohibits licensing authorities from denying licenses based solely on certain convictions or charges, and it introduces a temporary period from April 4, 2023, to April 4, 2025, during which specific offenses cannot be used as grounds for denial. Additionally, it repeals previous sections related to debt services providers to streamline regulations.

The legislation emphasizes consumer protection and transparency by establishing strict requirements for licensees, including the necessity of obtaining a debt resolution services license, filing a surety bond, and undergoing criminal history checks. It outlines exemptions for certain entities and grants the superintendent authority to deny or revoke licenses based on compliance failures or criminal convictions. The bill also mandates clear agreements between licensees and consumers, prohibits upfront fees until a debt is resolved, and requires transparency in advertising and consumer communications. Violations of these regulations can result in fines, and the new rules will take effect one year after the bill's passage.

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