Indiana § 24-5-15.5-3 "Debt buyer"

Indiana Statutes

§ 24-5-15.5-3 — "Debt buyer"

Indiana § 24-5-15.5-3

Art. 5CONSUMER SALES

Ch. 15.5Debt Buyers

This text of Indiana § 24-5-15.5-3 ("Debt buyer") 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 § 24-5-15.5-3 (2026).

Text

(a)As used in this chapter, "debt buyer" means a person that is regularly engaged in the business of purchasing debt for collection purposes, regardless of whether the person:

(1)collects the debt;

(2)hires another person to collect the debt; or

(3)hires an attorney for litigation connected to collection of the debt.

(b)The term does not include a person that acquires a debt incidental to the purchase of a portfolio that predominantly consists of debt that has not been charged off.

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(a) As used in this chapter, "debt buyer"
means a person that is regularly engaged in the business of purchasing
debt for collection purposes, regardless of whether the person:
(1) collects the debt;
(2) hires another person to collect the debt; or
(3) hires an attorney for litigation connected to collection of the
debt.
(b) The term does not include a person that acquires a debt
incidental to the purchase of a portfolio that predominantly consists of
debt that has not been charged off.