Senate BillFailedCivil Procedure
SB 706: Consumer debt: charged-off debts.
What SB 706 does, verified February 3, 2026
<p>This bill aims to regulate consumer debt by limiting the sale and assignment of charged-off debts. A charged-off debt can only be sold or assigned once a year after it has been charged off. The creditor must notify the consumer when they sell or assign the debt to a debt buyer. Additionally, the bill restricts the timeframe for bringing an action to recover a charged-off consumer debt, prohibiting it after one year from the date the debt was charged off.</p>
Bill journey
✓IntroducedComplete
2In CommitteeCurrent
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: Returned to Secretary of Senate pursuant to Joint Rule 56. (2026-02-02)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $15/moUnlockRecent actions12 total · showing 5
| Feb. 02, 2026 | Returned to Secretary of Senate pursuant to Joint Rule 56. |
| Apr. 23, 2025 | April 30 hearing postponed by committee. |
| Apr. 22, 2025 | April 22 set for first hearing. Failed passage in committee. (Ayes 1. Noes 2. Page 837.) Reconsideration granted. |
| Apr. 22, 2025 | Set for hearing April 30 in B. & F.I. pending receipt. |
| Apr. 22, 2025 | April 22 set for first hearing. Failed passage in committee. (Ayes 1. Noes 2. Page 837.) Reconsideration granted. |