Any debtor has the right to rescind any debt settlement services agreement with a debt settlement services provider that commits a material violation of this chapter. On rescission, all fees paid to the debt settlement services provider or any other person other than creditors of the debtor must be returned to the debtor entering into the debt settlement services agreement within ten days of rescission of the debt settlement services agreement.
2009 c 37 art 4 s 29
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.