"Debt buyer"

Ind. Code § 24-5-15.5-3
in effect
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Sec. 3. (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. As added by P.L.280-2019, SEC.6.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/24Fetched: 10/17/2026

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