As used in this chapter, 'debt settlement services' means any of the following services that a person performs, offers to perform, or represents, either directly or by implication, that the person will perform with respect to a debt between a buyer and one (1) or more unsecured creditors or debt collectors:(1) A renegotiation of the debt.(2) A settlement of the debt.(3) An alteration of the terms of payment or other terms of the debt, including a reduction in the balance, interest rate, or fees owed by the buyer to the creditor or debt collector.As added by P.L.114-2010, SEC.14.
Indiana Legal Code