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U.S. Code, Collection - Title 15, Chapter 41


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TITLE 15 > CHAPTER 41 > SUBCHAPTER V > § 1692a

Can someone clarify what the following means? I have omitted the portions that I don't need info:

As used in this subchapter—

(4) The term “creditor” means any person who offers or extends credit creating a debt or to whom a debt is owed, but such term does not include any person to the extent that he receives an assignment or transfer of a debt in default solely for the purpose of facilitating collection of such debt for another.

(6) The term “debt collector” does not include—

(F) any person collecting or attempting to collect any debt owed or due or asserted to be owed or due another to the extent such activity

(i) is incidental to a bona fide fiduciary obligation or a bona fide escrow arrangement;

(ii) concerns a debt which was originated by such person;

(iii) concerns a debt which was not in default at the time it was obtained by such person; or

Thank you.

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