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SENATE COMMITTEE ON PUBLIC SAFETY Senator Long Hancock, Chair 2015 2016 Regular Bill No: Author: Version: Urgency: Consultant:AB 516 Mullen June 30, 2015, No Hearing Date:July 14, 2015Fiscal:Subject:
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What is ab 516?
AB 516 is a California bill that requires certain entities to report information related to consumer debt.
Who is required to file ab 516?
Creditors, debt buyers, and collection agencies are required to file AB 516.
How to fill out ab 516?
AB 516 can be filled out electronically through the California Department of Financial Protection and Innovation's website.
What is the purpose of ab 516?
The purpose of AB 516 is to increase transparency in the consumer debt market and help protect consumers.
What information must be reported on ab 516?
Entities must report information on the types of debts, number of consumers, and collection activities.
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