MN SF1391

Adds "debt settlement services providers" as a new exemption to the definition of "debt management services provider" in Minnesota Statutes section 332A.02, subdivision 8.

Defines "enrolled agent" as a person authorized to practice before the Internal Revenue Service under federal regulations (26 CFR 601.502 and 31 CFR 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 tax payments, provided all contracts are reviewed by an enrolled agent and proper power of attorney documentation is filed with the IRS.

Amends the definition of "debt settlement services provider" in section 332B.02 to exclude exempt attorneys, specified professional entities, and debt management services providers.

Excludes enrolled agents and enrolled agent firms from regulation as debt settlement services providers when they meet specified requirements for handling tax-related debtor assistance.