Kansas Statutes

Statute 21-4402: Debt adjusting. (a) Debt adjusting is engaging in the business of making contracts, express or implied, with a debtor whereby the debtor agrees to pay a certain amount of money periodically to the person engaging in the debt adjusting business who shall for a consideration distribute the same among certain specified creditors.

      (b)   The provisions of this act shall not apply to those situations involving debt adjusting, as defined here, which is incidental to the lawful practice of law in this state or to any person registered as a credit services organization under the Kansas credit services organization act.

      (c)   Debt adjusting is a class B nonperson misdemeanor.

      History:   L. 1969, ch. 180, § 21-4402; L. 1992, ch. 239, § 224; L. 1993, ch. 291, § 172; L. 2004, ch. 22, § 21; July 1.