As used in this subchapter: (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 the: (A) Entering into or making of a contract, express or implied, with a particular debtor in which the debtor agrees […]
(a) A person shall not engage in, or offer to or attempt to engage in, the business or practice of debt adjusting in this state. (b) A violation of subsection (a) of this section is a Class A misdemeanor.
(a) In an action brought in the name of the state by a prosecuting attorney within his or her district or by the Attorney General, a circuit court has jurisdiction to enjoin any person from: (1) Acting, offering to act, or attempting to act as a debt adjuster; or (2) Engaging in the business of […]
The following persons are not considered a debt adjuster for the purposes of this subchapter: (1) An attorney at law; (2) A bank, fiduciary, or financing and lending institution as authorized and admitted to transact business in this state and performing credit and financial adjusting services in the regular course of its principal business; (3) […]
