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MN SF56
Bill
Status
6/21/2021
Primary Sponsor
Jeff Howe
Click for details
AI Summary
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Amends Minnesota Statutes 2020, section 332B.02, subdivision 13, to clarify the definition of "debt settlement services provider"
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Modifies language from "shall" to "does not include" to specify exemptions from the definition
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Exempts five categories of professionals: exempt attorneys at law, persons listed in section 332A.02 subdivision 8 (clauses 2-10), registered accounting practitioners and CPAs, enrolled agents licensed by the U.S. Department of Treasury, and debt management services providers
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Applies to any person offering debt settlement services to Minnesota debtors regardless of whether a fee is charged or whether the provider maintains a physical presence in the state
Legislative Description
Debt settlement services providers regulation
Last Action
Referred to Rules and Administration
6/21/2021