False Or Fraudulent Debt Reduction And Elimination Practices

TITLE 26 BANKS AND BANKING CHAPTER 22 COLLECTION AGENCIES 26-2226. False or fraudulent debt reduction and elimination practices. (1) No person shall obtain or attempt to obtain a fee, compensation or consideration from a person through a false or fraudulent representation or statement that a debt, loan, or extension of credit could or would be eliminated, reduced or substituted, if the representation or statement is false or misleading or has the tendency or capacity to be misleading, or if the person making the representation or statement does not have sufficient information upon which a reasonable belief in the truth of the representation or statement could be based. (2)  (a) Whenever it appears to the director that a person has violated subsection (1) of this section, the director shall have the powers and remedies set forth in sections 67-2754 and 67-2755 , Idaho Code, as well as the powers and remedies found in this chapter, as to any such violation. (b)  Any person who violates subsection (1) of this section shall be subject to the criminal proceedings and penalties set forth in sections 67-2757 , 67-2758 and 67-2759 , Idaho Code, as well as the criminal proceedings and penalties provided in this chapter.