Introduced Senate Bill (S)

Authored by

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 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 Credit services organizations. Amends the definition of the term "credit services organization" for purposes of the Indiana Code provisions governing credit services organizations to 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. ... View more