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On January 17, 2026, Montana legislators announced a new bill aimed at simplifying the debt repayment process for residents of the state. The bill, known as the Debt Relief and Simplification Act, seeks to provide more resources and support to both debtors and creditors in order to facilitate fair and efficient repayment agreements.One of the key components of the proposed legislation is the establishment of a Debt Repayment Assistance Program, which would connect debtors with financial counselors and resources to help them create manageable repayment plans. This program would also provide education and assistance to debtors on budgeting and financial literacy to prevent future debt issues.Additionally, the bill would require creditors to work in good faith with debtors to negotiate reasonable payment terms, while also imposing penalties on creditors who engage in predatory or unfair debt collection practices. This provision aims to protect consumers from harassment and abuse by unscrupulous collection agencies.State Senator Jane Smith, one of the primary sponsors of the bill, emphasized the importance of addressing the growing issue of consumer debt in Montana. "Many residents in our state are struggling to make ends meet and are overwhelmed by mounting debts," said Senator Smith. "This legislation is a step towards providing much-needed support and resources to help individuals and families get back on track financially."The Debt Relief and Simplification Act has already gained support from consumer advocacy groups, financial counselors, and debtors' rights organizations. Proponents of the bill believe that it will help alleviate the burden of debt for many Montana residents and promote economic stability in the state.The proposed legislation is expected to undergo further review and discussion in the coming weeks before potentially being signed into law. If passed, the Debt Relief and Simplification Act could significantly impact debt repayment practices in Montana and provide much-needed relief to struggling residents.