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MN SF56

Bill

Status

Introduced

6/21/2021

Primary Sponsor

Jeff Howe

Click for details

Origin

Senate

92nd Legislature 2021 1st Special Session

AI Summary

  • Amends Minnesota Statutes 2020, section 332B.02, subdivision 13, to clarify the definition of "debt settlement services provider"

  • Modifies language from "shall" to "does not include" to specify exemptions from the definition

  • 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

  • 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

Committee Referrals

Rules and Administration6/21/2021

Full Bill Text

No bill text available