§ 19-14.8-1 Short title
§ 19-14.8-2 Definitions
§ 19-14.8-3 Exempt agreements and person
§ 19-14.8-4 Registration required
§ 19-14.8-5 Application for registration – Form, fee and accompanying documents
§ 19-14.8-6 Application for registration – Required information
§ 19-14.8-7 Application for registration – Obligation to update
§ 19-14.8-8 Application for registration – Public information
§ 19-14.8-9 Certificate of registration – Issuance or denial
§ 19-14.8-10 Certificate of registration – Timing
§ 19-14.8-11 Renewal of registration
§ 19-14.8-12 Registration in another state
§ 19-14.8-13 Bond required
§ 19-14.8-14 Bond required – Substitute
§ 19-14.8-15 Requirement of good faith
§ 19-14.8-16 Customer service
§ 19-14.8-17 Prerequisites for providing debt-management services
§ 19-14.8-18 Communication by electronic or other means
§ 19-14.8-19 Form and content of agreement
§ 19-14.8-20 Cancellation of agreement – Waiver
§ 19-14.8-21 Required language
§ 19-14.8-22 Trust account
§ 19-14.8-23 Fees and other charges
§ 19-14.8-24 Voluntary contributions
§ 19-14.8-25 Voidable agreements
§ 19-14.8-26 Termination of agreements
§ 19-14.8-27 Periodic reports and retention of records
§ 19-14.8-28 Prohibited acts and practices
§ 19-14.8-29 Notice of litigation
§ 19-14.8-30 Advertising
§ 19-14.8-31 Liability for the conduct of other persons
§ 19-14.8-33 Administrative remedies
§ 19-14.8-34 Suspension, revocation or nonrenewal of registration
§ 19-14.8-35 Private enforcement
§ 19-14.8-36 Violation of unfair or deceptive practices statute
§ 19-14.8-37 Statute of limitations
§ 19-14.8-38 Uniformity of application and construction
§ 19-14.8-39 Relation to Electronic Signatures in Global and National Commerce Act
§ 19-14.8-40 Transitional provisions – Application to existing transactions
§ 19-14.8-41 Severability
§ 19-14.8-43 Official comments

Terms Used In Rhode Island General Laws > Chapter 19-14.8 - Uniform Debt-Management Services Act

  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Amortization: Paying off a loan by regular installments.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lineal descendant: Direct descendant of the same ancestors.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: extends to and includes co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8