Any waiver by the debtor of rights or protections provided in this chapter is contrary to public policy, is void and unenforceable, and will not relieve the debt adjuster of any obligation placed upon the debt adjuster by this chapter.
Effective: July 15, 2010
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Terms Used In Kentucky Statutes 380.120

  • Debt adjuster: means a person engaged in the business of debt adjusting. See Kentucky Statutes 380.010
  • Debtor: means an individual who resides in Kentucky and is indebted to a creditor or creditors, including two (2) or more individuals who are jointly and severally, or jointly or severally, indebted to a creditor or creditors. See Kentucky Statutes 380.010
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

History: Created 2010 Ky. Acts ch. 86, sec. 5, effective July 15, 2010.

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