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Special Committee on Uniform Debt Management Services

Chair: Rep. Steve Wieckert
Legislative Council Staff: Dan Schmidt and Mary Matthias
Member List

The special committee is directed to review subch. V of ch. 422 of the current Wisconsin statutes regarding credit services organizations and the Uniform Debt Management Services Act proposed by the National Conference of Commissioners on Uniform State Laws in order to determine whether to recommend adoption of the Uniform Debt Management Services Act to the Wisconsin Legislature.

Report to the Legislature
Recommendation to the Joint Legislative Council (March 14, 2007)
  • Results of JLC Meeting
  • Proposed Report to the Legislature
  • LRB-0917/1, relating to adopting the Uniform Debt-Management Services Act, granting rule-making authority, and providing a penalty
February 14, 2007 Mail Ballot
  • Memo No. 3, Description of LRB-0917/1, Relating to Adopting the Uniform Debt-Management Services Act (February 14, 2007)
  • LRB-0917/1, relating to adopting the Uniform Debt-Management Services Act, granting rule-making authority, and providing a penalty
December 8, 2006 Meeting
  • Memo No. 1, Comparison of LRB-5042/1, Relating to Adopting the Uniform Debt-Management Services Act and the Uniform Act on Uniform Debt Management Services as Passed by Utah, Rhode Island, and Delaware (November 30, 2006)
  • Memo No. 2, Proposed Changes to LRB-5042/1, Relating to Adopting the Uniform Act on Debt Management Services, Requested by the Department of Financial Institutions (November 30, 2006)
October 11, 2006 Meeting
  • LRB-5042/1, relating to adopting the Uniform Debt-Management Services Act, granting rule-making authority, and providing a penalty
  • Sections 422.501 through 422.506, 2003-04 Wis. Stats.
  • Section 218.02, 2003-04 Wis. Stats.
  • Chapter DFI-Bkg 73, Wis. Adm. Code
  • Summary and Facts, Uniform Debt-Management Services Act, Uniform Law Commissioners, the National Conference of Commissioners on Uniform State Laws
  • Copy of the Uniform Debt-Management Services Act, National Conference of Commissioners on Uniform State Laws (November 10, 2005)
  • Report, An Investigation of Debt Settlement Companies:  An Unsettling Business for Consumers, by the National Consumer Law Center (March 2005)
  • Report, Profiteering in a Non-Profit Industry:  Abuse Practices in Credit Counseling, prepared by the Permanent Subcommittee on Investigations of the Committee on Homeland Security and Governmental Affairs United States Senate (April 13, 2005)
  • Text of section 1220 of H.R. 4, the federal Pension Protection Act of 2006
  • Legislative History of H.R. 4, the federal Pension Protection Act of 2006
  • Excerpt, Technical Explanation of H.R. 4, the ‘Pension Protection Act of 2006’, prepared by the staff of the Joint Committee on Taxation (August 3, 2006)
  • Presentation, by Caren Lock Hanson, Director, The Association of Settlement Companies and General Counsel, DebtXS, Addison, Texas