2. A merchant who collects, or attempts or offers to collect a debt owed to another merchant is exempt from the application of Chapter III of the Act where:(a) a settlement agreement exists between the 2 merchants;
(b) the debt is owed to the merchant who commissions the collector;
(c) the debt is collected from a debtor who is informed in writing of the identity of the merchant to whom the debt to be collected is owed or of the nature of the debt to be collected;
(d) the debt is collected during the usual collection of debts owed to the merchant commissioned to collect the debt;
(e) the debt to be collected arose from the usual business of the merchant for whom it is collected; and
(f) the main business of the merchant commissioned to collect the debt consists in providing goods or services other than service of debt collection or of information on people’s credit.