Prohibited action by peace officer for collection agency or creditor.

(1) Terms defined in Sections 76-1-101.5 and 76-8-101 apply to this section. (2) An actor commits prohibited action by peace officer for collection agency or creditor if the actor: (a) is a peace officer; and (b) (i) has an interest in a collection agency; or (ii) acts as a compensated collection agent for a creditor or collection agency. (3) A violation of Subsection (2) is a class C misdemeanor.