Page:United States Statutes at Large Volume 119.djvu/87

 PUBLIC LAW 109–8—APR. 20, 2005

119 STAT. 69

‘‘(d) No provision of this section, section 527, or section 528 shall— ‘‘(1) annul, alter, affect, or exempt any person subject to such sections from complying with any law of any State except to the extent that such law is inconsistent with those sections, and then only to the extent of the inconsistency; or ‘‘(2) be deemed to limit or curtail the authority or ability— ‘‘(A) of a State or subdivision or instrumentality thereof, to determine and enforce qualifications for the practice of law under the laws of that State; or ‘‘(B) of a Federal court to determine and enforce the qualifications for the practice of law before that court.’’. (b) CONFORMING AMENDMENT.—The table of sections for chapter 5 of title 11, United States Code, is amended by inserting after the item relating to section 525, the following: ‘‘526. Restrictions on debt relief agencies.’’. SEC. 228. DISCLOSURES.

(a) DISCLOSURES.—Subchapter II of chapter 5 of title 11, United States Code, as amended by section 227, is amended by adding at the end the following: ‘‘§ 527. Disclosures ‘‘(a) A debt relief agency providing bankruptcy assistance to an assisted person shall provide— ‘‘(1) the written notice required under section 342(b)(1); and ‘‘(2) to the extent not covered in the written notice described in paragraph (1), and not later than 3 business days after the first date on which a debt relief agency first offers to provide any bankruptcy assistance services to an assisted person, a clear and conspicuous written notice advising assisted persons that— ‘‘(A) all information that the assisted person is required to provide with a petition and thereafter during a case under this title is required to be complete, accurate, and truthful; ‘‘(B) all assets and all liabilities are required to be completely and accurately disclosed in the documents filed to commence the case, and the replacement value of each asset as defined in section 506 must be stated in those documents where requested after reasonable inquiry to establish such value; ‘‘(C) current monthly income, the amounts specified in section 707(b)(2), and, in a case under chapter 13 of this title, disposable income (determined in accordance with section 707(b)(2)), are required to be stated after reasonable inquiry; and ‘‘(D) information that an assisted person provides during their case may be audited pursuant to this title, and that failure to provide such information may result in dismissal of the case under this title or other sanction, including a criminal sanction. ‘‘(b) A debt relief agency providing bankruptcy assistance to an assisted person shall provide each assisted person at the same time as the notices required under subsection (a)(1) the following

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