Indiana § 24-5-15-2.5 "Debt settlement services"

Indiana Statutes

§ 24-5-15-2.5 — "Debt settlement services"

Indiana § 24-5-15-2.5

Art. 5CONSUMER SALES

Ch. 15Credit Services Organizations

This text of Indiana § 24-5-15-2.5 ("Debt settlement services") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 24-5-15-2.5 (2026).

Text

5. As used in this chapter, "debt settlement services" means any of the following services that a person performs, offers to perform, or represents, either directly or by implication, that the person will perform with respect to a debt between a buyer and one

(1)or more unsecured creditors or debt collectors:

(1)A renegotiation of the debt.

(2)A settlement of the debt.

(3)An alteration of the terms of payment or other terms of the debt, including a reduction in the balance, interest rate, or fees owed by the buyer to the creditor or debt collector.

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5. As used in this chapter, "debt settlement
services" means any of the following services that a person performs,
offers to perform, or represents, either directly or by implication, that
the person will perform with respect to a debt between a buyer and one
(1) or more unsecured creditors or debt collectors:
(1) A renegotiation of the debt.
(2) A settlement of the debt.
(3) An alteration of the terms of payment or other terms of the
debt, including a reduction in the balance, interest rate, or fees
owed by the buyer to the creditor or debt collector.