Legislation
SECTION 600
Definitions
General Business (GBS) CHAPTER 20, ARTICLE 29-H
§ 600. Definitions. As used in this article, unless the context or
subject matter otherwise requires: 1. "Consumer claim" means any
obligation of a natural person for the payment of money or its
equivalent which is or is alleged to be in default and which arises out
of a transaction wherein credit has been offered or extended to a
natural person, and the money, property or service which was the subject
of the transaction was primarily for personal, family or household
purposes. The term includes an obligation of a natural person who is a
co-maker, endorser, guarantor or surety as well as the natural person to
whom such credit was originally extended.
2. "Debtor" means any natural person who owes or who is asserted to
owe a consumer claim.
3. "Principal creditor" means any person, firm, corporation or
organization to whom a consumer claim is owed, due or asserted to be due
or owed, or any assignee for value of said person, firm, corporation or
organization.
4. "Debt collection agency" shall mean a person, firm or corporation
engaged in business, the principal purpose of which is to regularly
collect or attempt to collect debts: (a) owed or due or asserted to be
owed or due to another; or (b) obtained by, or assigned to, such person,
firm or corporation, that are in default when obtained or acquired by
such person, firm or corporation.
5. "Communication" shall mean the conveying of information regarding a
debt directly or indirectly to any person through any medium.
6. "Debt" means any obligation or alleged obligation of a consumer to
pay money arising out of a transaction in which the money, property,
insurance, or services which are the subject of the transaction are
primarily for personal, family, or household purposes, whether or not
such obligation has been reduced to judgment.
7. "Debt collector" means an individual who, as part of his or her
job, regularly collects or attempts to collect debts: (a) owed or due or
asserted to be owed or due to another; or (b) obtained by, or assigned
to, such person, firm or corporation, that are in default when obtained
or acquired by such person, firm or corporation.
subject matter otherwise requires: 1. "Consumer claim" means any
obligation of a natural person for the payment of money or its
equivalent which is or is alleged to be in default and which arises out
of a transaction wherein credit has been offered or extended to a
natural person, and the money, property or service which was the subject
of the transaction was primarily for personal, family or household
purposes. The term includes an obligation of a natural person who is a
co-maker, endorser, guarantor or surety as well as the natural person to
whom such credit was originally extended.
2. "Debtor" means any natural person who owes or who is asserted to
owe a consumer claim.
3. "Principal creditor" means any person, firm, corporation or
organization to whom a consumer claim is owed, due or asserted to be due
or owed, or any assignee for value of said person, firm, corporation or
organization.
4. "Debt collection agency" shall mean a person, firm or corporation
engaged in business, the principal purpose of which is to regularly
collect or attempt to collect debts: (a) owed or due or asserted to be
owed or due to another; or (b) obtained by, or assigned to, such person,
firm or corporation, that are in default when obtained or acquired by
such person, firm or corporation.
5. "Communication" shall mean the conveying of information regarding a
debt directly or indirectly to any person through any medium.
6. "Debt" means any obligation or alleged obligation of a consumer to
pay money arising out of a transaction in which the money, property,
insurance, or services which are the subject of the transaction are
primarily for personal, family, or household purposes, whether or not
such obligation has been reduced to judgment.
7. "Debt collector" means an individual who, as part of his or her
job, regularly collects or attempts to collect debts: (a) owed or due or
asserted to be owed or due to another; or (b) obtained by, or assigned
to, such person, firm or corporation, that are in default when obtained
or acquired by such person, firm or corporation.