A bill for an act relating to debt management programs, services, fees, and licensee requirements.

SF 2298 modifies Iowa's debt management program regulations. It requires licensees to maintain separate accounts for debtor payments (Section 1) and establishes new rules for charging fees: licensees may only charge fees after renegotiating debts, securing a debtor payment, and applying proportional fees based on individual debt amounts (Section 4). The bill removes restrictions preventing licensees from receiving third-party payments (Section 3) and exempts debt management licensees from credit services organization rules (Section 6). This directly affects debt management licensees and their clients, changing how funds are handled and fees are structured.