MN SF1888

Establishes separate notice requirements for licensed collection agencies (15 days) and registered individual collectors (30 days) to report changes in address, name, or ownership to the commissioner.

Requires licensed collection agencies to conduct screening procedures for individual collector applicants at time of hiring, including national criminal history search, attorney licensing search, and county criminal history searches for the preceding five years.

Requires renewal screening for individual collectors to include national and county criminal history searches for the preceding year, conducted no more than 60 days before license expiration, with exemptions for screened applicants within 12 months of first renewal.

Expands disqualifications for debt collector registration to include convictions for misdemeanor or gross misdemeanor involving identity theft or financial crime within the past five years.

Modifies disqualification language to distinguish between criminal convictions for fraud or felonies and civil judgments for failure to account for client money or property, and removes the automatic five-year bar for attorney license suspension or revocation in favor of revocation or involuntary suspension language.