Definitions

In this chapter, unless the context requires otherwise (1) "communicating" means conveying information regarding a debt, directly or indirectly, to any person through any medium; (2) "creditor" means a financial institution with a certificate of authority or license issued by the department under AS 06 to conduct business as a financial institution in this state including, but not limited to, commercial and mutual savings banks, savings associations, trust companies, finance company licensees, and premium finance company licensees; (3) "debt" means any obligation or alleged obligation to pay money, whether or not the obligation has been reduced to judgment; (4) "debtor" means any person obligated or allegedly obligated to pay any debt and, in the case where the debtor is a minor, includes the guardian, executor, administrator, or parent of the debtor; (5) "department" means the Department of Commerce, Community, and Economic Development; (6) "director" means the director of banking and securities in the department or the director's designee; (7) "division" means the division of banking and securities in the department.