For the complete text of this document, click here.

CHAPTER 2--CREDIT REPAIR ORGANIZATIONS
SEC. 2451. REGULATION OF CREDIT REPAIR ORGANIZATIONS.
SEC. 403. DEFINITIONS.
For purposes of this title, the following definitions apply:
(3) Credit repair organization. -- The term 'credit repair organization'--
          (A) means any person who uses any instrumentality of interstate commerce or the mails to sell, provide, or perform (or represent that such person can or will sell, provide, or perform) any service, in return for the payment of money or other valuable consideration, for the express or implied purpose of--
                    (i) improving any consumer's credit record, credit history, or credit rating; or
                    (ii) providing advice or assistance to any consumer with regard to any activity or service described in clause (i); and
          (B) does not include--
                    (i) any nonprofit organization which is exempt from taxation under section 501(c)(3) of the Internal Revenue Code of 1986;