No person shall engage in business as a credit service organization without first obtaining a license from the Administrator pursuant to the provisions of the Credit Services Organization Act. Any extensions of credit brokered or arranged on behalf of a buyer by a credit service organization must comply with the provisions of the Uniform Consumer Credit Code and the Credit Services Organization Act.

Laws 1987, SB 61, c. 208, § 46, emerg. eff. July 1, 1987, and by Laws 1987, HB 1473, c. 236, § 72, emerg. eff. July 20, 1987; Amended by Laws 2002, HB 2091, c. 171, § 2 (superseded document available).