No debt management services provider may make false, deceptive, or misleading statements or omissions about the rates, terms, or conditions of an actual or proposed debt management services plan or its debt management services, or create the likelihood of consumer confusion or misunderstanding regarding its services, including but not limited to the following:
(1) represent that the debt management services provider is a nonprofit, not-for-profit, or has similar status or characteristics if some or all of the debt management services will be provided by a for-profit company that is a controlling or affiliated party to the debt management services provider; or
(2) make any communication that gives the impression that the debt management services provider is acting on behalf of a government agency.
2007 c 57 art 3 s 58; 2009 c 37 art 4 s 18
Structure Minnesota Statutes
Chapters 324 - 341 — Trade Regulations, Consumer Protection
Chapter 332A — Debt Management Services
Section 332A.02 — Definitions.
Section 332A.03 — Requirement Of Registration.
Section 332A.04 — Registration.
Section 332A.05 — Nonassignment Of Registration.
Section 332A.06 — Renewal Of Registration.
Section 332A.07 — Other Duties Of Registrant.
Section 332A.08 — Denial Of Registration.
Section 332A.09 — Suspending, Revoking, Or Refusing To Renew Registration.
Section 332A.10 — Written Debt Management Services Agreement.
Section 332A.11 — Right To Cancel.
Section 332A.12 — Books, Records, And Information.
Section 332A.13 — Fees, Payments, And Consent Of Creditors.
Section 332A.14 — Prohibitions.
Section 332A.16 — Advertisement Of Debt Management Services.
Section 332A.17 — Debt Management Services Agreement Rescission.