Ind. Code § 24-5-15-2.5

Current through P.L. 171-2024

Section 24-5-15-2.5 - "Debt settlement services"

As used in this chapter, "debt settlement services" means any of the following services that a person performs, offers to perform, or represents, either directly or by implication, that the person will perform with respect to a debt between a buyer and one (1) or more unsecured creditors or debt collectors:

(1) A renegotiation of the debt.

(2) A settlement of the debt.

(3) An alteration of the terms of payment or other terms of the debt, including a reduction in the balance, interest rate, or fees owed by the buyer to the creditor or debt collector.

IC 24-5-15-2.5

As added by P.L. 114-2010, SEC.14.