Florida Statutes 817.801 – Definitions
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As used in this part:
(1) “Credit counseling agency” means any organization providing debt management services or credit counseling services.
(2) “Credit counseling services” means confidential money management, debt reduction, and financial educational services.
(3) “Creditor contribution” means any sum that a creditor agrees to contribute to a credit counseling agency, whether directly or by setoff against amounts otherwise payable to the creditor on behalf of debtors.
(4) “Debt management services” means services provided to a debtor by a credit counseling organization for a fee to:
(a) Effect the adjustment, compromise, or discharge of any unsecured account, note, or other indebtedness of the debtor; or
Terms Used In Florida Statutes 817.801
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Credit counseling agency: means any organization providing debt management services or credit counseling services. See Florida Statutes 817.801
- Credit counseling services: means confidential money management, debt reduction, and financial educational services. See Florida Statutes 817.801
- Debt management services: means services provided to a debtor by a credit counseling organization for a fee to:(a) Effect the adjustment, compromise, or discharge of any unsecured account, note, or other indebtedness of the debtor; or(b) Receive from the debtor and disburse to a creditor any money or other thing of value. See Florida Statutes 817.801
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(b) Receive from the debtor and disburse to a creditor any money or other thing of value.
(5) “Person” means any individual, corporation, partnership, trust, association, or other legal entity.