Arizona voters passed the Healthcare Debt Interest Rate Limit and Debt Collection Exemption Initiative known as Proposition 209 (“Prop 209”) through a ballot initiative in November 2022. One initiative of Prop 209 was to cap interest rate on medical debt at 3%, down...
Last fall, we wrote about the Arizona ballot initiative Proposition 209 (“Prop 209”) that passed into law and was coined the “Predatory Debt Collection Act”. The Act was presented to Arizona voters as a means of reducing and capping the interest rate on medical debt....
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