§ 24-5-15-6 — Written statement provided by credit services organization

Indiana § 24-5-15-6

• Jurisdiction: Indiana
• Art. 5: CONSUMER SALES
• Ch. 15: Credit Services Organizations

Text

Before executing a contract or agreement with
a buyer or receiving money or other valuable consideration, a credit
services organization must provide the buyer with a written statement
that contains the following:
(1) A complete and detailed description of the services to be
performed by the credit services organization for the buyer and
the total cost of the services.
(2) A statement explaining the buyer's right to proceed against the
bond or surety account required under section 8 of this chapter.
(3) The name and address of the:
(A) surety company that issued a bond; or
(B) depository and the trustee of a surety account and the
account number of the surety account;
required under section 8 of this chapter.
(4) A complete and accurate statement of the buyer's right to
review any file on the buyer maintained by a consumer reporting
agency as provided under the Fair Credit Reporting Act (15
U.S.C. 1681 et seq.).
(5) A statement that the buyer's file is available for review:
(A) at no charge at the times and under the circumstances set
forth in 15 U.S.C. 1681j; and
(B) for a minimal charge at any other time as provided by 15
U.S.C. 1681j(f).
(6) A complete and accurate statement of the buyer's right to
dispute the completeness or accuracy of an item contained in a
file on the buyer maintained by a consumer reporting agency.
(7) A statement that accurate information cannot be permanently
removed from the files of a consumer reporting agency.
(8) A complete and accurate statement indicating when consumer
information becomes obsolete and when consumer reporting
agencies are prevented from issuing reports containing obsolete
information.
(9) A complete and accurate statement of the availability of
nonprofit credit counseling services.

Legislative History

As added by P.L.142-1990, SEC.1. Amended by P.L.114-2010, SEC.15.