Maryland 2022 Regular Session

Maryland Senate Bill SB732 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2
3	3	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
4	4	[Brackets] indicate matter deleted from existing law.
5	5	sb0732
6	6
7	7	SENATE BILL 732
8	8	D3, F2, I3 2lr2160
9	9	HB 26/21 – APP & JUD CF HB 111
10	10	By: Senators Watson, Lee, Pinsky, Rosapepe, Smith, and Waldstreicher
11	11	Introduced and read first time: February 7, 2022
12	12	Assigned to: Judicial Proceedings
13	13
14	14	A BILL ENTITLED
15	15
16	16	AN ACT concerning 1
17	17
18	18	Action to Collect a Private Education Loan – Required Documents 2
19	19
20	20	FOR the purpose of prohibiting private education lenders and private education loan 3
21	21	collectors from initiating a certain action unless the private education lenders or 4
22	22	private education loan collectors possess certain documents; requiring a private 5
23	23	education lender or private education loan collector to introduce certain information 6
24	24	in a certain action; requiring a private education loan collector to provide certain 7
25	25	information to a student loan borrower in a certain communication and on request 8
26	26	of the student loan borrower; and generally relating to documents required in an 9
27	27	action to collect a private education loan. 10
28	28
29	29	BY adding to 11
30	30	Article – Courts and Judicial Proceedings 12
31	31	Section 5–1301 through 5–1304 to be under the new subtitle “Subtitle 13. Action to 13
32	32	Collect a Private Education Loan” 14
33	33	Annotated Code of Maryland 15
34	34	(2020 Replacement Volume and 2021 Supplement) 16
35	35
36	36	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 17
37	37	That the Laws of Maryland read as follows: 18
38	38
39	39	Article – Courts and Judicial Proceedings 19
40	40
41	41	SUBTITLE 13. ACTION TO COLLECT A PRIVATE EDUCATION LOAN. 20
42	42
43	43	5–1301. 21
44	44
45	45	(A) IN THIS SUBTITLE THE FO LLOWING WORDS HAVE T HE MEANINGS 22
46	46	INDICATED. 23
47	47	2 SENATE BILL 732
48	48
49	49
50	50	(B) (1) “COSIGNER” MEANS AN INDIVIDUAL WHO IS LIABLE FOR TH E 1
51	51	OBLIGATION OF ANOTHE R WITHOUT COMPENSATI ON, REGARDLESS OF HOW TH E 2
52	52	INDIVIDUAL IS DESIGN ATED IN THE AGREEMEN T WITH RESPECT TO TH AT 3
53	53	OBLIGATION. 4
54	54
55	55	(2) “COSIGNER” INCLUDES: 5
56	56
57	57	(I) AN INDIVIDUAL WHO IS LIABLE FOR AN OBLIGA TION UNDER 6
58	58	A PRIVATE EDUCATION LOAN EXTENDED TO CON SOLIDATE A BORROWER ’S 7
59	59	PREEXISTING PRIVATE EDUCATION LOANS ; AND 8
60	60
61	61	(II) AN INDIVIDUAL WHOSE S IGNATURE IS REQUESTE D AS A 9
62	62	CONDITION TO GRANT C REDIT OR TO FORBEAR FROM COLLECTION . 10
63	63
64	64	(3) “COSIGNER” DOES NOT INCLUDE THE SPOUSE OF AN INDIVID UAL 11
65	65	UNDER PARAGRAPH (1) OF THIS SUBSECTION . 12
66	66
67	67	(C) (1) “CREDITOR” MEANS: 13
68	68
69	69	(I) THE ORIGINAL CREDITOR , IF OWNERSHIP OF A PR IVATE 14
70	70	EDUCATION LOAN HAS N OT BEEN SOLD, ASSIGNED, OR TRANSFERRED ; 15
71	71
72	72	(II) THE PERSON, NONDEPOSITORY INSTIT UTION, OR TRUST 16
73	73	ENTITY THAT OWNED THE PRIVA TE EDUCATION LOAN AT THE TIME THE PRIVATE 17
74	74	EDUCATION LOAN DEFAU LTED, EVEN IF THE PERSON , NONDEPOSITORY 18
75	75	INSTITUTION, OR TRUST ENTITY DID NOT ORIGINATE TH E PRIVATE EDUCATION 19
76	76	LOAN IF THE PRIVATE EDUCATION LOAN WAS N OT SUBSEQUENTLY SOLD , 20
77	77	TRANSFERRED , OR ASSIGNED; OR 21
78	78
79	79	(III) A PERSON, NONDEPOSITORY INSTIT UTION, OR TRUST 22
80	80	ENTITY THAT PURCHASED A DEF AULTED PRIVATE EDUCA TION LOAN FOR 23
81	81	COLLECTION PURPOSES , REGARDLESS OF WHETHE R THE PERSON, NONDEPOSITORY 24
82	82	INSTITUTION, OR TRUST ENTITY : 25
83	83
84	84	1. COLLECTED THE PRIVATE EDUCATION LOAN ; 26
85	85
86	86	2. HIRED A THIRD PARTY T O COLLECT THE PRIVAT E 27
87	87	EDUCATION LOAN ; OR 28
88	88
89	89	3. HIRED AN ATTORNEY FOR COLLECTION LITIGATIO N. 29
90	90
91	91	(2) “CREDITOR” DOES NOT INCLUDE : 30
92	92
93	93	(I) A BANK AS DEFINED IN T HE FEDERAL DEPOSIT INSURANCE 31 SENATE BILL 732 3
94	94
95	95
96	96	ACT; OR 1
97	97
98	98	(II) A FEDERAL CREDIT UNION OR STATE CREDIT UNIO N AS 2
99	99	THOSE TERMS ARE DEFI NED IN THE FEDERAL CREDIT UNION ACT. 3
100	100
101	101	(D) “ORIGINAL CREDITOR” MEANS THE PRIVATE ED UCATION LENDER 4
102	102	IDENTIFIED IN THE PR OMISSORY NOTE , LOAN AGREEMENT , OR LOAN CONTRACT 5
103	103	ENTERED INTO WITH A STUDENT LOAN BORROWE R OR COSIGNER . 6
104	104
105	105	(E) (1) “PRIVATE EDUCATION LEN DER” MEANS: 7
106	106
107	107	(I) A PERSON, NONDEPOSITORY INSTIT UTION, OR TRUST 8
108	108	ENTITY ENGAGED IN THE BUSIN ESS OF SECURING , MAKING, OR EXTENDING PRIVATE 9
109	109	EDUCATION LOANS ; OR 10
110	110
111	111	(II) A HOLDER OF A PRIVATE EDUCATION LOAN . 11
112	112
113	113	(2) “PRIVATE EDUCATION LEN DER” DOES NOT INCLUDE : 12
114	114
115	115	(I) A BANK AS DEFINED IN T HE FEDERAL DEPOSIT INSURANCE 13
116	116	ACT; OR 14
117	117
118	118	(II) A FEDERAL CREDIT UNION OR STATE CREDIT UNIO N AS 15
119	119	THOSE TERMS ARE DEFI NED IN THE FEDERAL CREDIT UNION ACT. 16
120	120
121	121	(F) “PRIVATE EDUCATION LOA N” MEANS AN EXTENSION O F CREDIT THAT: 17
122	122
123	123	(1) IS NOT MADE, INSURED, OR GUARANTEED UNDER TITLE IV OF 18
124	124	THE HIGHER EDUCATION ACT OF 1965; 19
125	125
126	126	(2) IS EXTENDED TO A CONS UMER EXPRESSLY , WHOLLY OR PARTLY , 20
127	127	FOR POSTSECONDARY ED UCATIONAL EXPENSES , REGARDLESS OF WHETHE R THE 21
128	128	LOAN IS PROVIDED BY THE INSTITUTION THAT THE STUDENT ATTENDS ; 22
129	129
130	130	(3) DOES NOT INCLUDE OPEN –END CREDIT OR ANY LO AN THAT IS 23
131	131	SECURED BY REAL PROP ERTY OR A DWELLING ; AND 24
132	132
133	133	(4) DOES NOT INCLUDE AN E XTENSION OF CREDIT I N WHICH THE 25
134	134	COVERED INSTITUTION IS THE CREDITOR IF: 26
135	135
136	136	(I) THE TERM OF THE EXTEN SION OF CREDIT IS NO T MORE 27
137	137	THAN 90 DAYS; OR 28
138	138
139	139	(II) AN INTEREST RATE WILL NOT BE APPLIED TO TH E CREDIT 29 4 SENATE BILL 732
140	140
141	141
142	142	BALANCE AND THE TERM OF THE EXTENSION OF CREDIT IS NOT MORE T HAN 1 YEAR, 1
143	143	EVEN IF THE CREDIT I S PAYABLE IN MORE TH AN FOUR INSTALLMENTS . 2
144	144
145	145	(G) “PRIVATE EDUCATION LOA N COLLECTION ACTION ” MEANS A JUDICIAL 3
146	146	ACTION IN WHICH A CLAIM IS ASSERTED TO COLLE CT A PRIVATE EDUCATI ON LOAN. 4
147	147
148	148	(H) (1) “PRIVATE EDUCATION LOA N COLLECTOR ” MEANS A PERSON , 5
149	149	NONDEPOSITORY INSTIT UTION, OR TRUST ENTITY THAT COLLECTS OR ATT EMPTS TO 6
150	150	COLLECT ON A DEFAULT ED PRIVATE EDUCATION LOAN. 7
151	151
152	152	(2) “PRIVATE EDUCATION LOA N COLLECTOR ” DOES NOT INCLUDE : 8
153	153
154	154	(I) A BANK AS DEFINED IN T HE FEDERAL DEPOSIT INSURANCE 9
155	155	ACT; OR 10
156	156
157	157	(II) A FEDERAL CREDIT UNION OR STATE CREDIT UNIO N AS 11
158	158	THOSE TERMS ARE DEFI NED IN THE FEDERAL CREDIT UNION ACT. 12
159	159
160	160	(I) “STUDENT LOAN BORROWER ” MEANS AN INDIVIDUAL WHO RECEIVES OR 13
161	161	AGREES TO PAY A PRIV ATE EDUCATION LOAN . 14
162	162
163	163	5–1302. 15
164	164
165	165	(A) A PRIVATE EDUCATION LE NDER OR A PRIVATE ED UCATION LOAN 16
166	166	COLLECTOR MAY NOT IN ITIATE A PRIVATE EDU CATION LOAN COLLECTI ON ACTION 17
167	167	UNLESS THE PRIVATE E DUCATION L ENDER OR PRIVATE EDU CATION LOAN 18
168	168	COLLECTOR POSSESSES ALL OF THE DOCUMENTS DESCRIBED UNDER SUBS ECTION 19
169	169	(B)(3) OF THIS SECTION. 20
170	170
171	171	(B) (1) THIS SUBSECTION APPLI ES: 21
172	172
173	173	(I) TO A PRIVATE EDUCATION LOAN COLLECTION ACTI ON, 22
174	174	INCLUDING A SMALL CL AIM ACTION UNDER § 4–405 OF THIS ARTICLE , THAT IS 23
175	175	MAINTAINED BY A PRIV ATE EDUCATION LENDER OR A PRIVATE EDUCATI ON LOAN 24
176	176	COLLECTOR; AND 25
177	177
178	178	(II) REGARDLESS OF THE LEG AL STATUS OF THE TRU ST’S 26
179	179	TRUSTEE. 27
180	180
181	181	(2) IN ADDITION TO ANY OT HER PROVISION OF LAW , A COURT MAY 28
182	182	NOT ENTER A JUDGME NT IN FAVOR OF A PRI VATE EDUCATION LENDE R OR A 29
183	183	PRIVATE EDUCATION LO AN COLLECTOR UNLESS THE PRIVATE EDUCATIO N LENDER 30
184	184	OR PRIVATE EDUCATION LOAN COLLECTOR INTRO DUCES INTO EVIDENCE THE 31
185	185	DOCUMENTS SPECIFIED IN PARAGRAPH (3) OF THIS SUBSECTION I N ACCORDANCE 32 SENATE BILL 732 5
186	186
187	187
188	188	WITH THE RULES OF EVIDENC E APPLICABLE TO ACTI ONS THAT ARE NOT SMA LL 1
189	189	CLAIMS ACTIONS BROUG HT UNDER § 4–405 OF THIS ARTICLE. 2
190	190
191	191	(3) THE PRIVATE EDUCATION LENDER OR PRIVATE ED UCATION LOAN 3
192	192	COLLECTOR SHALL INTR ODUCE THE FOLLOWING EVIDENCE IN A PRIVAT E 4
193	193	EDUCATION LOAN COLLECTION ACTION : 5
194	194
195	195	(I) THE NAME OF THE OWNER OF THE PRIVATE EDUCA TION 6
196	196	LOAN; 7
197	197
198	198	(II) THE ORIGINAL CREDITOR ’S NAME AT THE TIME O F 8
199	199	DEFAULT, IF APPLICABLE; 9
200	200
201	201	(III) IF THE ORIGINAL CREDI TOR USED AN ACCOUNT NUMBER AT 10
202	202	THE TIME OF DEFAULT , THE LAST FOUR DIG ITS OF THE ORIGINAL CREDITO R’S 11
203	203	ACCOUNT NUMBER ; 12
204	204
205	205	(IV) THE AMOUNT DUE AT DEF AULT; 13
206	206
207	207	(V) AN ITEMIZATION OF INT EREST AND FEES , IF ANY, 14
208	208	INCURRED AFTER DEFAU LT THAT ARE CLAIMED TO BE OWED AND WHETH ER THE 15
209	209	INTEREST AND FEES WE RE IMPOSED BY THE OR IGINAL CREDITOR OR BY 16
210	210	SUBSEQUENT OWNERS OF THE PRIVATE EDUCATIO N LOAN; 17
211	211
212	212	(VI) A RECORD OF THE DATE T HAT THE PRIVATE EDUC ATION 18
213	213	LOAN WAS INCURRED ; 19
214	214
215	215	(VII) A RECORD OF THE DATE O F THE FIRST PARTIAL PAYMENT 20
216	216	OR THE DATE THAT A P AYMENT WAS FIRST MIS SED, WHICHEVER I S EARLIER; 21
217	217
218	218	(VIII) A RECORD OF THE DATE A ND AMOUNT OF THE LAS T 22
219	219	PAYMENT, IF APPLICABLE; 23
220	220
221	221	(IX) ANY PAYMENTS , SETTLEMENT , OR FINANCIAL 24
222	222	REMUNERATION OF ANY KIND PAID TO THE CRE DITOR BY A GUARANTOR , COSIGNER, 25
223	223	OR SURETY, AND THE AMOUNT OF TH E PAYMENT RECEI VED; 26
224	224
225	225	(X) A COPY OF THE SELF –CERTIFICATION FORM A ND ANY 27
226	226	OTHER NEEDS ANALYSIS CONDUCTED BY THE ORI GINAL CREDITOR BEFOR E THE 28
227	227	ORIGINATION OF THE L OAN, REDACTED TO WITHHOLD THE STUDENT LOAN 29
228	228	BORROWER ’S SOCIAL SECURITY NUMBER , ALL BUT THE LAST FOU R DIGITS OF THE 30
229	229	STUDENT LOAN BORROWE R’S ACCOUNT NUMBER , AND ANY OTHER PERSON AL 31
230	230	IDENTIFYING INFORMAT ION; 32
231	231	6 SENATE BILL 732
232	232
233	233
234	234	(XI) IF APPLICABLE, THE NAMES OF ALL PER SONS THAT OWNED 1
235	235	THE PRIVATE EDUCATIO N LOAN AFTER THE TIM E OF DEFAULT AND THE DATE OF 2
236	236	EACH SALE OR TRANSFE R OF THE LOAN; 3
237	237
238	238	(XII) A RECORD OF ALL COLLEC TION ATTEMPTS MADE I N THE 4
239	239	IMMEDIATELY PRECEDIN G 12 MONTHS, INCLUDING THE DATE A ND TIME OF ALL 5
240	240	COMMUNICATIONS , IF APPLICABLE; 6
241	241
242	242	(XIII) A STATEMENT BY THE CRE DITOR INDICATING WHE THER 7
243	243	THE CREDITOR IS WILL ING TO RENEGOTIATE T HE TERMS OF THE DEBT ; 8
244	244
245	245	(XIV) 1. COPIES OF ALL SETTLEM ENT COMMUNICATIONS 9
246	246	MADE IN THE IMMEDIAT ELY PRECEDING 12 MONTHS, REDACTED TO WITHHOLD THE 10
247	247	STUDENT LOAN BORROWE R’S SOCIAL SECURITY NUMBER , ALL BUT THE LAST FOU R 11
248	248	DIGITS OF THE STUDEN T LOAN BORROWER ’S ACCOUNT NUMBER , AND ANY OTHER 12
249	249	PERSONAL IDENTIFYING INFORMATION ; OR 13
250	250
251	251	2. A STATEMENT THAT THE C REDITOR HAS NOT 14
252	252	ATTEMPTED TO SETTLE OR OTHERWISE RENEGOT IATE THE DEBT BEFORE FILING 15
253	253	THE PRIVATE EDUCATIO N LOAN COLLECTION AC TION; 16
254	254
255	255	(XV) 1. DOCUMENTATION ESTABLISHING THAT TH E 17
256	256	CREDITOR IS THE OWNE R OF THE SPECIFIC IN DIVIDUAL PRIVATE EDU CATION LOAN 18
257	257	AT ISSUE; AND 19
258	258
259	259	2. IF THE PRIVATE EDUCAT ION LOAN WAS ASSIGNE D 20
260	260	MORE THAN ONCE , A RECORD OF EACH ASS IGNMENT OR OTHER WRI TING, NOT 21
261	261	INCLUDING A WRITING PREPARED IN ANTICIPATION OF LITI GATION, INDICATING 22
262	262	THE TRANSFER OF OWNE RSHIP OF THE INDIVID UAL PRIVATE EDUCATIO N LOAN 23
263	263	BEGINNING WITH THE O RIGINAL CREDITOR AND ENDING WITH THE MOST RECENT 24
264	264	ADDITIONAL CREDITOR , INCLUDING: 25
265	265
266	266	A. THE ORIGINAL CREDITOR ’S ACCOUNT NUMBER , 26
267	267	REDACTED TO SHOW ONL Y THE LAST FOUR DIGI TS, FOR THE PRIVATE EDUC ATION 27
268	268	LOAN PURCHASED OR OT HERWISE ASSIGNED ; 28
269	269
270	270	B. THE DATE OF PURCHASE AND ASSIGNMENT ; AND 29
271	271
272	272	C. THE STUDENT LOAN BORR OWER’S CORRECT NAME 30
273	273	ASSOCIATED WITH THE ORIGINAL ACCOUNT NUM BER; 31
274	274
275	275	(XVI) 1. A COPY OF ALL PAGES OF THE CONTRACT , 32
276	276	APPLICATION, OR OTHER DOCUMENT EV IDENCING THE STUDENT LOAN 33
277	277	BORROWER ’S LIABILITY FOR THE PRIVATE EDUCATION LO AN THAT: 34 SENATE BILL 732 7
278	278
279	279
280	280
281	281	A. STATES ALL TERMS AND CONDIT IONS APPLICABLE TO 1
282	282	THE PRIVATE EDUCATIO N LOAN; AND 2
283	283
284	284	B. IS REDACTED TO WITHHO LD THE STUDENT LOAN 3
285	285	BORROWER ’S SOCIAL SECURITY NUMBER , ALL BUT THE LAST FOU R DIGITS OF THE 4
286	286	STUDENT LOAN BORROWE R’S ACCOUNT NUMBER , AND ANY OTHER PERSON AL 5
287	287	IDENTIFYING INFORMAT ION; OR 6
288	288
289	289	2. IF A SIGNED CONTRACT , APPLICATION, OR OTHER 7
290	290	DOCUMENT EVIDENCING T HE STUDENT LOAN BORR OWER’S LIABILITY DOES NOT 8
291	291	EXIST, A COPY OF A DOCUMENT PROVIDED TO THE STUD ENT LOAN BORROWER 9
292	292	BEFORE THE DEFAULT D EMONSTRATING THAT TH E PRIVATE EDUCATION LOAN WAS 10
293	293	INCURRED BY THE STUD ENT LOAN BORROWER THAT: 11
294	294
295	295	A. INCLUDES ALL TERMS AND CONDIT IONS APPLICABLE 12
296	296	TO THE PRIVATE EDUCA TION LOAN; AND 13
297	297
298	298	B. IS REDACTED TO WITHHO LD THE STUDENT LOAN 14
299	299	BORROWER ’S SOCIAL SECURITY NUMBER , ALL BUT THE LAST FOU R DIGITS OF THE 15
300	300	STUDENT LOAN BORROWE R’S ACCOUNT NUMBER , AND ANY OTHER PERSONAL 16
301	301	IDENTIFYING INFORMAT ION; 17
302	302
303	303	(XVII) AN AFFIDAVIT STATING THAT A REPRESENTATIV E OF THE 18
304	304	CREDITOR: 19
305	305
306	306	1. PERSONALLY REVIEWED T HE EVIDENCE SUBMITTE D 20
307	307	TO THE COURT IN ACCO RDANCE WITH THIS SUB SECTION FOR FACTUAL ACCURACY; 21
308	308	AND 22
309	309
310	310	2. CONFIRMED THE FACT UAL ACCURACY OF : 23
311	311
312	312	A. THE ALLEGATIONS SET F ORTH IN THE COMPLAIN T; 24
313	313
314	314	B. ANY SUPPORTING AFFIDA VITS OR AFFIRMATIONS 25
315	315	FILED WITH THE COURT ; AND 26
316	316
317	317	C. ANY NOTARIZATIONS CON TAINED IN THE 27
318	318	SUPPORTING DOCUMENTS FILED TO THE COURT ; 28
319	319
320	320	(XVIII) AN AFFIDAVIT STATING COMPLIANCE W ITH § 5–1303 29
321	321	OF THIS SUBTITLE; 30
322	322
323	323	(XIX) A STATEMENT AS TO WHET HER A DEBT IS ELIGIB LE FOR AN 31 8 SENATE BILL 732
324	324
325	325
326	326	INCOME–BASED REPAYMENT PLAN ; 1
327	327
328	328	(XX) A STATEMENT AS TO WHET HER THE DEBT IS ABLE TO BE 2
329	329	DISCHARGED IN BANKRU PTCY; AND 3
330	330
331	331	(XXI) AN AFFIDAVIT STATING: 4
332	332
333	333	1. THE DATE ON WHICH THE PRIVATE EDUCATION 5
334	334	LENDER OR PRIVATE ED UCATION LOAN COLLECT OR HAS A GOOD FAITH BELIEF 6
335	335	THAT THE APPLICABLE STATUTE OF LIMITATIO NS WILL EXPIRE; AND 7
336	336
337	337	2. THAT THE PRIVATE EDUCATIO N LENDER OR PRIVATE 8
338	338	EDUCATION LOAN COLLE CTOR HAS NOT INITIATE D THE PRIVATE EDUCAT ION LOAN 9
339	339	COLLECTION ACTION AF TER THE APPLICABLE S TATUTE OF LIMITATION S HAS 10
340	340	EXPIRED. 11
341	341
342	342	5–1303. 12
343	343
344	344	(A) A PRIVATE EDUCATION LO AN COLLECTOR SHALL P ROVIDE THE 13
345	345	INFORMATION DESCRIBE D UNDER § 5–1302(B)(3)(I) THROUGH (XXI) OF THIS 14
346	346	SUBTITLE IN THE FIRS T COLLECTION COMMUNI CATION WITH THE STUD ENT LOAN 15
347	347	BORROWER AND ON REQU EST OF THE STUDENT L OAN BORROWER . 16
348	348
349	349	(B) FAILURE TO PRODUCE TO A STUDENT LOAN BORRO WER, ON REQUEST 17
350	350	OF THE STUDENT LOAN BORROWER , THE DOCUMENTATION DE SCRIBED IN 18
351	351	SUBSECTION (A) OF THIS SECTION IS A N UNFAIR, ABUSIVE, OR DECEPTIVE TRADE 19
352	352	PRACTICE UNDER § 13–301 OF THE COMMERCIAL LAW ARTICLE. 20
353	353
354	354	5–1304. 21
355	355
356	356	(A) A PERSON THAT SUFFERS DAMAGE AS A RESULT O F THE FAILURE OF A 22
357	357	CREDITOR TO COMPLY W ITH § 5–1302(B)(3) OF THIS SUBTITLE MAY BRING AN 23
358	358	ACTION AGAINST THE C REDITOR TO RECOVER O R OBTAIN THE FOLLOWI NG: 24
359	359
360	360	(1) AN ORDER VACATING ANY DEFAULT JUDGMENT ENT ERED 25
361	361	AGAINST THE PERSON ; 26
362	362
363	363	(2) A JUDGMENT IN FAVOR OF THE PERSON; 27
364	364
365	365	(3) ACTUAL DAMAGES IN AN AMOUNT NOT LESS THAN $500 PER 28
366	366	PERSON, PER VIOLATION; 29
367	367
368	368	(4) RESTITUTION OF ALL MO NEY TAKEN FROM OR PA ID BY THE 30
369	369	PERSON AFTER A JUDGM ENT WAS OBTAINED BY A CREDITOR; 31 SENATE BILL 732 9
370	370
371	371
372	372
373	373	(5) PUNITIVE DAMAGES ; 1
374	374
375	375	(6) ATTORNEY’S FEES; 2
376	376
377	377	(7) CORRECTION OF THE PER SON’S CREDIT REPORT ; AND 3
378	378
379	379	(8) ANY OTHER RELI EF THAT THE COURT CO NSIDERS PROPER . 4
380	380
381	381	(B) IN ADDITION TO ANY JU DGMENT UNDER SUBSECT ION (A) OF THIS 5
382	382	SECTION, IF A CREDITOR OR COU NSEL REPRESENTING A CREDITOR WILLFULLY 6
383	383	FILED AN AFFIDAVIT R EQUIRED UNDER THIS T ITLE CONTAINING FALS E 7
384	384	INFORMATION , THE COURT MAY AWARD TREBLE ACTUAL DAMAGES TO THE PERSO N 8
385	385	IN AN AMOUNT NOT LES S THAN $1,500 PER PERSON FOR EACH VIOLATION. 9
386	386
387	387	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 10
388	388	October 1, 2022. 11
389	389