SF 227

1st Engrossment - 89th Legislature (2015 - 2016) Posted on 08/14/2015 02:43pm

A bill for an act
relating to debt collection; regulating debt buyers; amending Minnesota Statutes
2014, section 332.31, subdivisions 3, 6.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2014, section 332.31, subdivision 3, is amended to read:

Subd. 3.

Collection agency.

"Collection agency" means and includes any person
engaged in the business of collection for others any account, bill or other indebtedness
except as hereinafter provided. It includes persons who furnish collection systems carrying
a name which simulates the name of a collection agency and who supply forms or form
letters to be used by the creditor, even though such forms direct the debtor to make payments
directly to the creditor rather than to such fictitious agency. new text begin The term also includes any
person engaged in a business the principal purpose of which is the collection of any debts.
new text end

Sec. 2.

Minnesota Statutes 2014, section 332.31, subdivision 6, is amended to read:

Subd. 6.

Collector.

"Collector" is a person acting under the authority of a collection
agency under subdivision 3, and on its behalf in the business of collection for others an
account, bill, or other indebtedness except as otherwise provided in this chapter. new text begin The term
includes a person acting under the authority of a collection agency under subdivision 3
that is engaged in a business the principal purpose of which is the collection of any debts.
new text end