(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.
Indiana Legal Code