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Code · Connecticut · Title 36a — The Banking Law of Connecticut · CHAPTER 669* — Regulated Activities

Sec. 36a-655. (Formerly Sec. 36-364). Definitions.

201 words·~1 min read·/ct/title-36a/chapter-669-regulated-activities/36a-655

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As used in sections 36a-655 to 36a-665 , inclusive:
(1)“Advertise” or “advertising” has the same meaning as provided in section 36a-485 .
(2)“Bona fide nonprofit organization” means any organization that is exempt from taxation under Section 501(c)(3) of the Internal Revenue Code of 1986, or any subsequent corresponding internal revenue code of the United States, as amended from time to time.
(3)“Branch office” means a location other than the main office at which a licensee or any other person on behalf of a licensee engages in the business of debt adjustment.
(4)“Control person” has the same meaning as provided in section 36a-485 .
(5)“Debt adjustment” means, for or with the expectation of a fee, commission or other valuable consideration, receiving, as agent of a debtor, money or evidences thereof for the purpose of distributing such money or evidences thereof among creditors in full or partial payment of obligations of the debtor.
(6)“Debtor” means any individual who has incurred indebtedness or owes a debt for personal, family or household purposes.
(7)“Main office” has the same meaning as provided in section 36a-485 .
(8)“Unique identifier” has the same meaning as provided in section 36a-485 .
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