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Indiana Code Title 24. Trade Regulation § 24-5-15-2.5

Current as of January 02, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-5-15-2.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-5-15-2-5/

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