House File 2326 S-5214 Amend House File 2326, as amended, passed, and reprinted by 1 the House, as follows: 2 1. Page 1, by striking line 35 and inserting < that debt, 3 or from collecting the fee authorized under section 533A.9, 4 subsection 4, paragraph “c” , subsection (1), subparagraph 5 division (b), if the debtor subsequently completes the payment 6 terms required under the debt settlement agreement. > 7 2. Page 2, line 18, after < c. > by inserting < (1) > 8 3. Page 2, by striking lines 25 through 31 and inserting 9 < amount, not to exceed the following: > 10 4. Page 2, before line 32 by inserting: 11 < (a) Twenty percent of the total amount of debt enrolled 12 by the debtor at the time of enrollment in the debt management 13 program, which the licensee may collect after the debtor has 14 satisfied the requirements of this subsection. 15 (b) Thirty percent of the difference between the principal 16 amount of the debt the debtor owed to a creditor at the time the 17 debtor signed the agreement under paragraph “a” , and the amount 18 the debtor paid the creditor to settle the debt not including 19 any fee the debtor paid to the licensee under this section, 20 which the licensee may collect upon settlement of a debt. 21 (2) The individual debt amount and the entire debt amount 22 are those owed at the time the debt was enrolled in the debt 23 management program. The percent charged is the same for each 24 individual debt enrolled in the debt management program. > 25 5. Page 3, by striking lines 3 through 5 and inserting 26 < licensee to a debtor shall not exceed the amounts specified 27 in subsections 3 and 4. > 28 6. Page 3, by striking lines 10 through 18. 29 7. By renumbering as necessary. 30 ______________________________ JEFF REICHMAN -1- HF 2326.4228 (2) 91 nls/ko 1/ 1 #1. #2. #3. #4. #5. #6. #7.