§ 14-424 – Engaging, etc., in business of debt adjusting a misdemeanor.
14-424. Engaging, etc., in business of debt adjusting a misdemeanor. If any person shall engage in, or offer to or attempt to, engage in the business or practice of debt adjusting, or if any person shall hereafter act, offer to act, or attempt to act as a debt adjuster, he shall be guilty of a […]
§ 14-425 – Enjoining practice of debt adjusting; appointment of receiver for money and property employed.
14-425. Enjoining practice of debt adjusting; appointment of receiver for money and property employed. The superior court shall have jurisdiction, in an action brought in the name of the State by the Attorney General or the district attorney of the prosecutorial district as defined in G.S. 7A-60, to enjoin, as an unfair or deceptive trade […]
§ 14-426 – Certain persons and transactions not deemed debt adjusters or debt adjustment.
14-426. Certain persons and transactions not deemed debt adjusters or debt adjustment. The following individuals or transactions shall not be deemed debt adjusters or as being engaged in the business or practice of debt adjusting: (1) Any person or individual who is a regular full-time employee of a debtor, and who acts as an adjuster […]
§ 14-423 – Definitions.
14-423. Definitions. As used in this Article, the following definitions apply: (1) "Debt adjuster" means a person who engages in, attempts to engage in, or offers to engage in the practice or business of debt adjusting. (2) "Debt adjusting" means entering into or making a contract, express or implied, with a particular debtor whereby the […]