Rep. COX proposes the following amendment (LC-695.WAB0001H):
Amend the bill, as and if amended, SECTION 2, by striking Section 25-11-820(D) and inserting:
(D) No person may charge an upfront fee or non-refundable fee. A person seeking to receive compensation for advising, assisting, or consulting with any veterans' benefits matter, before rendering any services, shall memorialize the specific terms that specify that the amount to be paid must be determined in a written agreement signed by both parties. Compensation must be capped at a one-time fee that is contingent upon an increase in benefits awarded and shall not exceed five times the amount of the monthly increase in benefits awarded based on the claim or ninetwelve thousand five hundred dollars, whichever is the lesser amount. Any installment payment plan agreed upon by the parties must be interest free, not to exceed twelve months.Renumber sections to conform.
Amend title to conform.