IC 24-5-15-2.5 — "Debt settlement services"
Chapter 15. Credit Services Organizations
Section text
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.
Source: official publisher (2026 edition)