2010 Hawaii Code
DIVISION 2. BUSINESS
TITLE25. PROFESSIONS AND OCCUPATIONS
446. Debt Adjusting
§446-1 Definitions.
§446-1 Definitions. As used in this chapter:
(1) "Person" means an individual, partnership, corporation, firm, association, or any other legal entity;
(2) "Debt adjuster" means a person who for a profit engages in the business of acting as an intermediary between a debtor and the debtor's creditors for the purpose of settling, compromising, or in any way altering the terms of payment of any debts of the debtor and who:
(A) Receives money, property, or other thing of value from the debtor, or on behalf of the debtor, for distribution among the creditors of the debtor, or
(B) Otherwise arranges for payment to, or distribution among, the creditors of the debtor;
(3) "Debtor" means an individual and includes two or more individuals who are jointly and severally or jointly or severally indebted;
(4) "Nonprofit organization" means a corporation or association, no part of the net earnings of which may inure to the benefit of any private shareholder or individual. [L 1967, c 3, §2; HRS §446-1; gen ch 1985]
Disclaimer: These codes may not be the most recent version. Hawaii may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
