1. A. A debt management company shall not use advertising, communication, or sales material that contains:

   1. 1. A false, misleading, or deceptive statement about the debt management company’s services or charges. A statement is a violation of this Section if the person making the statement does not state a material fact necessary to make the statement true, in light of the circumstances under which it is made;
   2. 2. A claim, direct or implied, that the debt management company consolidates debts or makes loans; or
   3. 3. A schedule of payments in any form.

2. B. A debt management company’s advertising, communication, and sales material shall contain the following legend, conspicuously displayed in at least 12 point type and in bold print:

   “NOT A LOAN COMPANY.”

Historical Note

Adopted effective October 26, 1978 (Supp. 78-5). R20-4-611 recodified from R4-4-611 (Supp. 95-1). Amended by final rulemaking at 8 A.A.R. 2708, effective June 6, 2002 (Supp. 02-2). Amended by final rulemaking at 29 A.A.R. 1945 (September 1, 2023), effective October 2, 2023 (Supp. 23-3).