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(a) This chapter does not apply to an agreement with an individual who the provider has no reason to know resides in the Virgin Islands at the time of the agreement.
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(b) This chapter does not apply to a provider to the extent that the provider:
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(1) provides or agrees to provide debt-management, educational, or counseling services to an individual who the provider has no reason to know resides in the Virgin Islands at the time the provider agrees to provide the services; or
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(2) receives no compensation for debt-management services from or on behalf of the individuals to whom it provides the services or from their creditors.
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(c) This chapter does not apply to the following persons or their employees when the person or the employee is engaged in the regular course of the person’s business or profession:
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(1) a judicial officer, a person acting under an order of a court or an administrative agency, or an assignee for the benefit of creditors;
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(2) a bank;
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(3) an affiliate, as defined in Section 402(1)(B)(i), of a bank if the affiliate is regulated by a federal or state banking regulatory authority; or
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(4) a title insurer, escrow company, or other person that provides bill-paying services if the provision of debt-management services is incidental to the bill-paying services.
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