422.501 Definitions. In this subchapter: (1) “Buyer” means a natural person or customer who is solicited to purchase or who purchases the services of a credit services organization. (1m) “Consumer reporting agency” has the meaning given in 15 USC 1681a (f). (2) (a) “Credit services organization” means a person or merchant who, with respect to […]
422.502 Registration requirements. (1) A person may not act as a credit services organization unless the person has been issued a certificate of registration from the administrator and the person has complied with the bond or letter of credit requirements under sub. (3). (2) A person desiring to act as a credit services organization shall […]
422.503 Prohibited activities. (1) A credit services organization, and its salespersons, agents and representatives who offer or sell the services of the credit services organization, may not do any of the following: (a) Charge or receive any money or other valuable consideration solely for referral of the buyer to a merchant who will or may […]
422.504 Information statement. (1) Before the execution of a contract or agreement between the buyer and a credit services organization or before the credit services organization receives from the buyer any money or other valuable consideration, the credit services organization shall provide the buyer a written statement that includes all of the information required under […]
422.505 Contracts. (1) Every contract between a buyer and a credit services organization for the purchase of the services of the credit services organization shall be in writing, shall be dated and shall be signed by the buyer. The contract shall include all of the following: (a) A conspicuous statement, in not less than 10-point […]
422.506 Waiver. (1) A waiver by a buyer of any provision of this subchapter shall be void and unenforceable. An attempt by a credit services organization to have a buyer waive any right under this subchapter is a violation of this subchapter. (2) A violation of this section is subject to s. 425.305. History: 1991 […]
