Loading chat...

MN HF2342

Bill

Status

Introduced

3/22/2021

Primary Sponsor

Andrew Carlson

Click for details

Origin

House of Representatives

92nd Legislature 2021-2022

AI Summary

  • Adds enrolled agents and enrolled agent firms to the list of exemptions from debt management services provider regulations under Minnesota Statutes section 332A.02.

  • Defines "enrolled agent" as a person authorized to practice before the Internal Revenue Service under Code of Federal Regulations, title 31, section 10.3.

  • 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.

  • Adds debt settlement services providers to the list of exemptions from debt management services provider regulations.

  • 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

Committee Referrals

Commerce Finance & Policy3/22/2021

Full Bill Text

No bill text available