Consumer credit: credit reports and reporting agencies; collection and reporting of medical debt information; regulate. Creates new act.

Removed the requirement to establish standards for the collection of medical debt.

Removed the prohibition on medical creditors or collectors from reporting medical debt to consumer reporting agencies.

Added a requirement for collection agencies to include a specific statement in their initial written communication to consumers explaining when medical debt might be reported.

Changed the definition of 'medical debt' to explicitly state that it includes medical bills that are not past due or that have already been paid.

Added a new section allowing individuals to file a civil lawsuit to recover damages and attorney fees if the act is violated.

The primary purpose was changed from a blanket prohibition on reporting medical debt to a regulation that permits reporting for high-value credit transactions (e.g., mortgages) while restricting it for other purposes.

New definitions were added for 'medical creditor' and 'medical debt collector' to clarify who is subject to the new reporting rules.

The specific requirement for collection agencies to include a warning statement in initial communications to consumers about the prohibition on reporting was removed.

New requirements were added prohibiting medical creditors and debt collectors from communicating or reporting medical debt information to consumer reporting agencies, with exceptions for high-value loans.

Added a specific definition for 'medical debt' to include both unpaid and paid medical bills.

Removed the provision that regulated how medical debt could be reported to consumer reporting agencies.

Added a prohibition preventing consumer reporting agencies from including adverse medical debt information in reports, with an exception for large mortgage loans.

Added a requirement for collection agencies to include a specific statement in initial communications informing consumers that medical debt generally cannot be reported.

Added a section allowing individuals to file civil lawsuits for damages and attorney fees if the act is violated.

Added specific definitions for 'medical creditor' and 'medical debt collector' to clarify who is subject to the new reporting restrictions.

Added a new section prohibiting medical creditors and collectors from communicating with or reporting medical debt to consumer reporting agencies.

Reorganized the bill structure, renumbered sections, and added a new definition for 'consumer' to ensure state residency.