The proposed bill establishes regulations regarding compensation for advising or assisting individuals with veterans benefits matters in Wyoming. It prohibits any person from receiving compensation for such services unless permitted under federal law. Key provisions include the requirement for a written agreement detailing payment terms, restrictions on guaranteeing specific benefits, and the necessity for clear disclosures to clients regarding the nature of the services provided. Additionally, the bill outlines that any violation of these regulations constitutes an unlawful practice under Wyoming law.
Furthermore, the bill amends existing legislation to include violations of the new section on veterans benefits as deceptive trade practices. It specifies that these regulations will apply to business relationships initiated on or after July 1, 2024, with the act itself becoming effective on that date. The bill aims to protect veterans and their families from potential exploitation in the process of obtaining benefits.
Statutes affected: Introduced: 40-12-105