§ 5-19-104 — Prohibited acts

(1) A credit services organization; its
salespersons, agents, and representatives; and independent contractors who sell or
attempt to sell the services of a credit services organization shall not:

(a) Charge or receive any money or other valuable consideration prior to full
and complete performance of the services the credit services organization has
agreed to perform for the buyer;

(b) Make, counsel, or advise any buyer to make any statement that is untrue
or misleading to a credit reporting agency or to any person who has extended credit
to a buyer or to whom a buyer is applying for an extension of credit with respect to
a buyer's creditworthiness, credit standing, or credit capacity;

(c) Make or use any untrue or misleading representations in the offer or sale
of the services of a credit services organization or engage, directly or indirectly, in
any act, practice, or course of business that operates or would operate as fraud or
deception upon any person in connection with the offer or sale of the services of a
credit services organization; or

(d) Make, counsel, or advise any buyer to make a request to a credit
reporting agency to verify information contained in a consumer credit report, unless
the buyer states in writing to the credit services organization that the buyer
believes the information to be verified is incorrect or inaccurate, and states
specifically the basis of the inaccuracy or incorrectness of each disputed item of
information.

Legislative History

Source: L. 2017: Entire article added with relocations, (HB 17-1238), ch. 260, p. 1133, � 4, effective August 9.