Minnesota Legislature
SF 56
as introduced - 92nd Legislature, 2021 1st Special Session (2021 - 2021) Posted on 06/22/2021 08:10am
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A bill for an act
relating to commerce; regulating debt settlement services providers; amending
Minnesota Statutes 2020, section 332B.02, subdivision 13.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2020, section 332B.02, subdivision 13, is amended to read:
Subd. 13.
Debt settlement services provider.
"Debt settlement services provider" means
any person offering or providing debt settlement services to a debtor domiciled in this state,
regardless of whether or not a fee is charged for the services and regardless of whether the
person maintains a physical presence in the state. The term includes any person to whom
debt settlement services are delegated. The term deleted text begin shalldeleted text end new text begin doesnew text end not includenew text begin :
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new text begin (1)new text end an exempt attorney at law deleted text begin and personsdeleted text end new text begin ;
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new text begin (2)new text end new text begin a personnew text end listed in section 332A.02, subdivision 8, clauses (2) to (10)deleted text begin ,deleted text end new text begin ;
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(3) a registered accounting practitioner, registered accounting practitioner firm, certified
public accountant, or certified public accountant firm licensed under chapter 326A;
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new text begin (4) an enrolled agent in good standing licensed by the United States Department of
Treasury under United States Code, title 31, section 330, or enrolled agent firm;new text end or
new text begin (5) new text end a debt management services provider.