Section 48. Applicability.
The provisions of this act shall apply to:
(1) Any debt management services agreement or debt
settlement services agreement which is:
(i) negotiated, offered or otherwise transacted
within this Commonwealth, in whole or in part, whether by
the licensee or any other person;
(ii) made or executed within this Commonwealth after
the effective date of this act; or
(iii) notwithstanding the place of execution,
entered into with a resident of this Commonwealth.
(2) Any person who engages in debt management services
or debt settlement services in this Commonwealth.