11 IAC 1-1-3.5 - "Existing debt or contract" defined
Authority: IC 4-6-9-8; IC 24-4.7-3-7
Affected: IC 24-4.7-1-1
Sec. 3.5.
(a) For
the purposes of IC
24-4.7-1-1, "existing
debt or contract" means:
(1) a sum of money
currently owed by the consumer who receives the telephone call to the telephone
solicitor making the call or to the person who contracted, hired, or authorized
the telephone solicitor making the call; or
(2) a legally binding agreement currently in
effect between the consumer who receives the call and the telephone solicitor
making the call or the person who contracted, hired, or authorized the
telephone solicitor making the call.
(b) For the purposes of IC
24-4.7-1-1, an
"existing debt or contract" does not include:
(1) an existing debt that the consumer has
with a person other than the telephone solicitor making the call or the person
who contracted, hired, or authorized the telephone solicitor making the call;
or
(2) an existing contract that
the consumer has with a person other than the telephone solicitor making the
call or the person who contracted, hired, or authorized the telephone solicitor
making the call.
Notes
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