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SB 1052 would allow for the offer of a debt cancellation agreement in connection to consumer loans, retail installment contracts, and retail charge agreements. The amount charged for a debt cancellation agreement, or an authorized product, made in connection with a loan or contract may not exceed five percent of the amount financed pursuant to the loan or contract. Eligible provisions would be established which permit the exclusion of loss or damage in a debt cancellation agreement. Language requirements and other additional requirements for the agreement would be established. The Attorney General would be permitted to bring action in the name of the state against a person to restrain or enjoin the person from violation of the bill's provisions. Lastly, procedures for the refund of agreements would be created.