Senate Counsel, Research
and Fiscal Analysis
Minnesota Senate Bldg.
95 University Avenue W. Suite 3300
St. Paul, MN 55155
(651) 296-4791
Tom Bottern
Director
   Senate   
State of Minnesota
 
 
 
 
 
S.F. No. 227 - Collection Agencies
 
Author: Senator Ron Latz
 
Prepared By: Christopher B. Stang, Senate Counsel (651/296-0539)
 
Date: January 21, 2015



 

Section 1 expands the definition of “collection agency” to include persons who purchase debt incurred by the debtor for personal, family, or household purposes and collect on the debt on its own behalf. This would subject these persons to regulation as collection agencies under state law. Currently, to be defined as a collection agency the person must be engaged in the business of collection for others.

Section 2 is a conforming change to the definition of "collector."

 

CBS/tg

 
Check on the status of this bill
 
Back to Senate Counsel and Research Bill Summaries page
 

 
This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
 
Last review or update: 01/21/2015
 
If you see any errors on this page, please e-mail us at webmaster@senate.mn