11 IAC 1-1-3.5 "Existing debt or contract" defined

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.