Sec. 2.5. 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.
As added by P.L.114-2010, SEC.14.
Structure Indiana Code
Chapter 15. Credit Services Organizations
24-5-15-2. "Credit Services Organization"
24-5-15-2.5. "Debt Settlement Services"
24-5-15-3. "Extension of Credit" Defined
24-5-15-6. Written Statement Provided by Credit Services Organization
24-5-15-7. Contract Between Consumer and Credit Services Organization; Notice of Cancellation Form
24-5-15-8. Surety Bond or Irrevocable Letter of Credit; Filing With Attorney General
24-5-15-9. Damage Claims; Alternative Actions