Indiana Code 28-1-29-17. Soliciting or accepting contributions from debtors prohibited
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Terms Used In Indiana Code 28-1-29-17
- Contract: A legal written agreement that becomes binding when signed.
- Contract debtor: means a debtor who has entered into a written agreement with a licensee. See Indiana Code 28-1-29-1
- Debtor: means an individual whose principal debts and obligations arise out of personal, family, or household use and not out of business purpose transactions. See Indiana Code 28-1-29-1
- Fee: means the total amount of money charged to a contract debtor by a debt management company for the administration of a debt management plan. See Indiana Code 28-1-29-1
- Licensee: means any person to whom a license has been issued pursuant to the provisions of this chapter. See Indiana Code 28-1-29-1
Sec. 17. Unless a fee is specifically authorized under the chapter, a licensee may not solicit or accept a voluntary contribution from a contract debtor for any service provided to the contract debtor.
As added by P.L.35-2010, SEC.139.