1. (1) Except as otherwise provided in subsection (2) of this section, an athlete agent, with the intent to induce a student athlete or, if the athlete is a minor, a parent or guardian of the athlete to enter into an agency contract, may not take any of the following actions or encourage any other individual to take or assist any other individual in taking any of the following actions on behalf of the agent:

   1. (a) Give any materially false or misleading information or make a materially false promise or representation.
   2. (b) Furnish anything of value to the student athlete before the student athlete enters into an agency contract.
   3. (c) Furnish anything of value to any individual other than the student athlete or another registered athlete agent.

2. (2) An athlete agent, who is certified to be an athlete agent in a particular sport by a national association that promotes or regulates intercollegiate athletics and establishes eligibility standards for participation by a student athlete in that sport, may pay expenses incurred before the signing of an agency contract to:

   1. (a) A student athlete;
   2. (b) A parent or guardian of the student athlete; or

   3. (c) An individual who is a member of a class of individuals authorized to receive payment for the expenses by the national association that certified the agent if the expenses are:

      1. (A) For the benefit of a student athlete who is a member of a class of student athletes authorized to receive the benefit by the national association that certified the athlete agent;
      2. (B) Of a type authorized to be paid by an athlete agent by the national association that certified the athlete agent; and
      3. (C) For a purpose authorized by the national association that certified the athlete agent.

[2005 c.525 §11; 2017 c.113 §10; 2019 c.92 §1]