SF 2922

as introduced - 92nd Legislature (2021 - 2022) Posted on 05/18/2022 11:31am

A bill for an act
relating to commerce; modifying provisions governing licensure and registration
of collection agencies; amending Minnesota Statutes 2020, section 332.33,
subdivision 3, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2020, section 332.33, subdivision 3, is amended to read:

Subd. 3.

Term.

Licenses issued or renewed and registrations received by the
commissioner of commerce under sections 332.31 to 332.44 shall expire on June 30. Each
collection agency license shall plainly state the name and business address of the licensee,
and shall be posted in a conspicuous place in the office where the business is transacted.
The fee for each collection agency license is $500, and renewal is $400. The fee for each
collector registration and renewal is $10 new text begin , which entitles the individual collector to work at
a licensee's business location or in another location as provided under subdivision 5b. An
additional branch license is not required for a location used under subdivision 5b new text end . A collection
agency licensee who desires to carry on business in more than one place shall procure a
license for each place where the business is to be conducted.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 1, 2022.
new text end

Sec. 2.

Minnesota Statutes 2020, section 332.33, is amended by adding a subdivision to
read:

new text begin Subd. 5b. new text end

new text begin Work from home. new text end

new text begin An employee of a licensed collection agency may work
from a location other than the licensee's business location if the licensee and employee
comply with all requirements under this section that would apply if the employee were
working at the business location.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 1, 2022.
new text end