Requires agency referrals of delinquent debt to the office of debt recovery for collection to include certain information (EN NO IMPACT See Note)
The anticipated impact of HB 447 on state laws includes a more organized structure for debt recovery processes by mandating specific information to be shared between agencies and the office of debt recovery. By doing this, the bill seeks to streamline debt collection efforts and improve the accuracy of the delinquent debt records. Furthermore, it aims to hold agencies accountable for the debts they refer, ensuring they authenticate the information before submission. This amendment is expected to reinforce the financial integrity of state agencies and potentially recover more outstanding debts efficiently.
House Bill 447 aims to amend Louisiana's laws regarding the collection of delinquent debt by requiring agencies to refer such debts to the office of debt recovery. The bill stipulates that these referrals must include important details about the debt, such as the original obligation, the assessment amounts, and prior collection attempts. This addition is intended to enhance the efficiency and transparency of the debt collection process, ensuring that the necessary information is readily available to facilitate collection efforts. The effective date for the bill is set for January 1, 2024, thereby allowing agencies time to adapt to the new requirements.
The sentiment surrounding HB 447 appears to be largely supportive, with legislators recognizing the necessity of improving debt recovery practices within the state. The passage of the bill with a unanimous vote in the House (101 yeas and 0 nays) indicates broad agreement among lawmakers on the measures its proposes, suggesting a collective desire to increase efficiency in collections while ensuring thoroughness in the referral process. This positive sentiment demonstrates a legislative focus on fiscal responsibility and accountability.
While the bill has received unanimous support, it does raise points of contention regarding the burden it may place on various state agencies. Some concerns were voiced about the administrative workload associated with complying with the new referral requirements, which may require additional training and resources. Additionally, there may be apprehensions about potential pushback from debtors who may dispute the details included in the referrals. However, no major oppositional sentiment was noted during the bill's progression through the legislative process.