§ 412. Registration in another state
If a provider holds a license or certificate of registration in another state authorizing it to provide debt-management services, the provider may submit a copy of that license or certificate and the application for it instead of an application in the form prescribed by section 405(a), 406, or 411(b). The Lieutenant Governor shall accept the […]
§ 413. Bond required
(a) Except as otherwise provided in section 414, a provider that is required to be registered under this chapter shall file a surety bond with the Lieutenant Governor which must: (1) be in effect during the period of registration and for two years after the provider ceases providing debt-management services to individuals in the Virgin […]
§ 414. Bond required: substitute
(a) Instead of the surety bond required by section 413, a provider may deliver to the Lieutenant Governor, in the amount required by section 413(b), and, except as otherwise provided in paragraph (2)(A), payable or available to Virgin Islands and to individuals who reside in the Virgin Islands when they agree to receive debt-management services […]
§ 415. Requirement of good faith
A provider shall act in good faith in all matters under this chapter.
§ 416. Customer service
A provider that is required to be registered under this chapter shall maintain a toll-free communication system, staffed at a level that reasonably permits an individual to speak to a certified counselor, certified debt specialist, or customer-service representative, as appropriate, during ordinary business hours.
§ 403. Exempt agreements and persons
(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. (b) This chapter does not apply to a provider to the extent that the provider: (1) provides or agrees to provide debt-management, educational, or […]
§ 404. Registration
(a) Except as otherwise provided in subsection (b), a provider may not provide debt-management services to an individual who the provider reasonably should know resides in the Virgin Islands at the time the provider agrees to provide the services, unless the provider is registered under this chapter. (b) If a provider is registered under this […]
§ 405. Application for registration: form, fee, and accompanying documents
(a) An application for registration as a provider must be in a form prescribed by the Lieutenant Governor. (b) Subject to adjustment of dollar amounts pursuant to section 432(f), an application for registration as a provider must be accompanied by: (1) the fee established by the Lieutenant Governor; (2) the bond required by section 413; […]
§ 406. Application for registration: required information
An application for registration must be signed under penalty of false statement and include: (1) the applicant’s name, principal business address and telephone number, and all other business addresses in the Virgin Islands, electronic-mail addresses, and Internet website addresses; (2) all names under which the applicant conducts business; (3) the address of each location in […]
§ 402. Definitions
In this chapter: (1) “Affiliate”: (A) with respect to an individual, means: (i) the spouse of the individual; (ii) a sibling of the individual or the spouse of a sibling; (iii) an individual or the spouse of an individual who is a lineal ancestor or lineal descendant of the individual or the individual’s spouse; (iv) […]