2007 Minnesota Statutes
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Chapter 332
Section 332.34
Recent History
- 2021 332.34 Amended 2021 c 4 art 5 s 14
- 2010 332.34 Amended 2010 c 384 s 94
- 1997 332.34 Amended 1997 c 222 s 52
- 1996 332.34 Amended 1996 c 439 art 1 s 16
This is an historical version of this statute chapter. Also view the most recent published version.
332.34 BOND.
The commissioner of commerce shall require each collection agency licensee to annually file
and maintain in force a corporate surety bond, in a form to be prescribed by, and acceptable to, the
commissioner, and in a sum of at least $20,000. A collection agency may deposit cash in and
with a depository acceptable to the commissioner in an amount and in the manner prescribed and
approved by the commissioner in lieu of a bond.
History: 1969 c 766 s 4; 1973 c 720 s 54 subd 2; 1979 c 144 s 6; 1980 c 516 s 2; 1981 c
229 s 1; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92; 1986 c 444; 1987 c 37 s 3; 1996 c 439
art 1 s 16; 1997 c 222 s 52
The commissioner of commerce shall require each collection agency licensee to annually file
and maintain in force a corporate surety bond, in a form to be prescribed by, and acceptable to, the
commissioner, and in a sum of at least $20,000. A collection agency may deposit cash in and
with a depository acceptable to the commissioner in an amount and in the manner prescribed and
approved by the commissioner in lieu of a bond.
History: 1969 c 766 s 4; 1973 c 720 s 54 subd 2; 1979 c 144 s 6; 1980 c 516 s 2; 1981 c
229 s 1; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92; 1986 c 444; 1987 c 37 s 3; 1996 c 439
art 1 s 16; 1997 c 222 s 52
Official Publication of the State of Minnesota
Revisor of Statutes