2006 Kentucky Revised Statutes - .010   Definitions.

380.010 Definitions. As used in this chapter, the following terms mean: (1)  "Person" includes, but is not limited to, individuals, partnerships, associations, corporations, limited liability companies, trusts, and other legal entities; (2)  "Debt adjusting" means doing business in debt adjusting, budget counseling, debt management, or debt pooling service, or holding oneself out, by words of similar import, as providing services to debtors in the management of their debts, to do any of the following: (a)  Effect the adjustment, compromise, or discharge of any account, note or other indebtedness of the debtor; (b)  Receive from the debtor and disburse to the debtor's creditors any money or other thing of value; or (c)  Solicit business and advertise as a debt adjuster; and (3)  "Reside" means to live in a particular place on a temporary or permanent basis. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 38, sec. 1, effective June 20, 2005. -- Created 1970 Ky. Acts ch. 190, sec. 2.