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MN HF2342
Bill
Status
3/22/2021
Primary Sponsor
Andrew Carlson
Click for details
AI Summary
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Adds enrolled agents and enrolled agent firms to the list of exemptions from debt management services provider regulations under Minnesota Statutes section 332A.02.
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Defines "enrolled agent" as a person authorized to practice before the Internal Revenue Service under Code of Federal Regulations, title 31, section 10.3.
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Defines "enrolled agent firm" as an association, corporation, partnership, or sole proprietorship owned by or employing enrolled agents that assists debtors with delinquent taxes, subject to specific contract review and power of attorney requirements.
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Adds debt settlement services providers to the list of exemptions from debt management services provider regulations.
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Updates debt settlement services provider definition in section 332B.02 to reference the revised list of exempt persons, changing the clause reference from (2) to (10) to (2) to (11).
Legislative Description
Debt settlement service governing provisions modified.
Last Action
HF indefinitely postponed
5/12/2022