Senate Bill 420
Senate Bill (H)
DIGEST
Credit services organizations. Amends the definition of the term "credit services organization" for purposes of the Indiana Code provisions governing credit services organizations to more closely align the definition with the definition of "credit repair organization" set forth in the federal Credit Repair Organizations Act. Makes a conforming amendment to the definition of the term "buyer" in the Indiana statute. Requires a credit services organization to do the following with respect to communications made by the credit services organization after June 30, 2018: (1) Include the complete name and address of the credit services organization on all communications. (2) Include
Credit services organizations. Amends the definition of the term "credit services organization" for purposes of the Indiana Code provisions governing credit services organizations to more closely align the definition with the definition of "credit repair organization" set forth in the federal Credit Repair Organizations Act. Makes a conforming amendment to the definition of the term "buyer" in the Indiana statute. Requires a credit services organization to do the following with respect to communications made by the credit services organization after June 30, 2018: (1) Include the complete name and address of the credit services organization on all communications. (2) Include
a statement identifying itself as a credit services organization on all communications. Specifies that a person that receives a communication that is made in violation of these requirements may bring a cause of action to recover damages under the statute.
... View more
4
The document is not available in the context of this page. It might be accessible at the following URL: URL