18-5-1. Definitions.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

As used in this chapter, the term:
(1)
“Debt adjusting” means doing business in debt adjustments, budget counseling, debt management, or debt pooling service or holding oneself out, by words of similar import, as providing services to debtors in the management of their debts and contracting with a debtor for a fee to:#
1. (A)
  Effect the adjustment, compromise, or discharge of any account, note, or other indebtedness of the debtor; or#
2. (B)
  Receive from the debtor and disburse to his or her creditors any money or other thing of value.#
(2)
“Person” means an individual, corporation, partnership, trust, association, or other legal entity.#
(3)
“Resides” means to live in a particular place, whether on a temporary or permanent basis.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Ga. L. 1956, p. 797, § 1; Ga. L. 2003, p. 392, § 1; Ga. L. 2015, p. 1088, § 18/SB 148.

Operation of credit repair services organization, § 16-9-59.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t18-t19-(v16)-2022-pdf.pdf, Volume V16, 2022 edition, pages 281 to 282; merge action: carried; file SHA-256 eddc877da9f2.