Indiana Fair Debt Collection Practices Act

Question 1

License Requirement

Answer 1

Debt collector must obtain license from Indiana Secretary of State

Question 2

Those Excluded from License Requirement

Answer 2

Attorneys, banks, licensed real estate agents, and public utility companies

Question 3

Focus of Act

Answer 3

Focuses on the relationship between the debt collector and the creditor

Question 4

Things Debt Collector Must Do

Answer 4

(1) Maintain separate bank accounts and records; and

(2) account for money collected