Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

SF 56

as introduced - 92nd Legislature, 2021 1st Special Session (2021 - 2021) Posted on 06/22/2021 08:10am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17

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 beginshalldeleted text endnew text begin doesnew text end not includenew text begin:
new text end

new text begin (1)new text end an exempt attorney at law deleted text beginand personsdeleted text endnew text begin;
new text end

new text begin (2)new text endnew text begin a personnew text end listed in section 332A.02, subdivision 8, clauses (2) to (10)deleted text begin,deleted text endnew text begin;
new text end

new text begin (3) a registered accounting practitioner, registered accounting practitioner firm, certified
public accountant, or certified public accountant firm licensed under chapter 326A;
new text end

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 enda debt management services provider.