HF 3663 Summary

• Prohibits collection agencies and debt buyers from purchasing medical debt owed to medical providers, medical facilities (including hospitals), or their affiliates.

• Adds this prohibition as clause (25) to the list of prohibited practices in Minnesota Statutes section 332.37.

• Exempts debt buyers from certain requirements (clauses 6, 8, 10, 17, and 21) except when they engage in third-party debt collection for others.

• Applies to the Minnesota Department of Commerce licensing and regulation of collection agencies and debt buyers.