On or after August 1, 2009, it is unlawful for any person, whether or not located in this state, to operate as a debt settlement services provider or provide debt settlement services including, but not limited to, offering, advertising, or executing or causing to be executed any debt settlement services or debt settlement services agreement, except as authorized by law, without first becoming registered as provided in this chapter. Debt settlement services providers may continue to provide debt settlement services without complying with this chapter to those debtors who entered into a contract to participate in a debt settlement services plan prior to August 1, 2009, but may not enter into a debt settlement services agreement with a debtor on or after August 1, 2009, without complying with this chapter.
2009 c 37 art 4 s 20; 2009 c 178 art 1 s 65
Structure Minnesota Statutes
Chapters 324 - 341 — Trade Regulations, Consumer Protection
Chapter 332B — Debt Settlement Services
Section 332B.02 — Definitions.
Section 332B.03 — Requirement Of Registration.
Section 332B.04 — Registration.
Section 332B.05 — Denial, Suspension, Revocation, Or Nonrenewal Of Registration.
Section 332B.06 — Written Debt Settlement Services Agreement; Disclosures; Trust Account.
Section 332B.07 — Right To Cancel.
Section 332B.08 — Books, Records, And Information.
Section 332B.09 — Fees; Withdrawal Of Creditors; Notification To Debtor Of Settlement Offer.
Section 332B.10 — Prohibitions.
Section 332B.11 — Advertisement And Solicitation Of Debt Settlement Services.
Section 332B.12 — Debt Settlement Services Agreement Rescission.