An Act To Strengthen Consumer Protections By Prohibiting The Report Of Medical Debt On Consumer Reports

LD 558 prohibits consumer reporting agencies from including medical debt in credit reports for debts less than 180 days past due. It requires agencies to remove medical debt from reports once a consumer provides proof of full payment. However, if a consumer is making regular, scheduled payments on a medical debt as agreed with the provider, the debt may remain on their report. This bill directly affects Maine residents with medical bills and the credit reporting industry by preventing short-term medical debt from unfairly damaging credit scores.