(a) A person other than a collection agency licensed and authorized under this chapter may not for compensation

1. (1) conduct a collection agency business in this state;
2. (2) collect claims for others in this state;
3. (3) solicit the right to collect or receive payment of a claim for another;
4. (4) advertise or solicit either in print, by letter, in person or otherwise, the right to collect or receive payment of a claim for another;
5. (5) seek to make collection or obtain payment of a claim on behalf of another.

(b) This chapter does not apply to the following when engaged in the regular course of their respective businesses:

1. (1) attorneys at law;
2. (2) persons regularly employed on a regular wage or salary in the capacity of credit men or a similar capacity, except as an independent contractor;
3. (3) banks, including trust departments of banks, fiduciaries and financing and lending institutions;
4. (4) common carriers;
5. (5) title insurers and abstract companies while doing an escrow business;
6. (6) licensed real estate brokers;
7. (7) employees of licensees under this chapter;
8. (8) substation payment offices employed by or serving as independent contractors for public utilities.