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S.F. No. 2869 - Expansion of Debt Settlement Services Regulation
 
Author: Senator Kevin L. Dahle
 
Prepared By: Christopher B. Stang, Senate Counsel (651/296-0539)
 
Date: April 8, 2016



 

Section 1 clarifies that the federal government is not a debt management services provider.

Section 2 prohibits debt management service agreements from including a venue provision that would require legal disputes to be filed outside of Minnesota.

Section 3 defines the federal and state government as creditors when delinquent taxes are owed to them.

Section 4 defines debt settlement services to include providing advice and acting as an intermediary to settle delinquent taxes owed to the federal or state government.

 

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