As used in this part 1, unless the context otherwise requires:
(1) “Buyer” means any individual who is solicited to purchase or who purchases the services
of a credit services organization.
(2) “Credit services organization” means any person, including a nonprofit organization exempt from taxation under
section 501(c)(3) of the federal “Internal Revenue Code of 1986”, who, with respect
to the extension of credit by others, represents that the person can or will, in return
for the payment of money or other valuable consideration by the buyer, improve or
attempt to improve a buyer's credit record, history, or rating. The term “credit services organization” does not include any person licensed to
practice law in this state if he or she renders credit services within the course
and scope of his or her practice as an attorney.
(3) “Extension of credit” means the right to defer payment of debt or to incur debt and defer its payment
offered or granted primarily for personal, family, or household purposes.
(4) “Person” includes any individual, corporation, partnership, joint venture, or any business
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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