Bill Text: MN SF2673 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Debt collection buyers regulation
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2014-03-13 - Referred to Commerce [SF2673 Detail]
Download: Minnesota-2013-SF2673-Introduced.html
1.2relating to debt collection; regulating debt buyers;amending Minnesota Statutes
1.32012, section 332.31, subdivisions 3, 6.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2012, section 332.31, subdivision 3, is amended to read:
1.6 Subd. 3. Collection agency. "Collection agency" means and includes any person
1.7engaged in the business of collection for others any account, bill or other indebtedness
1.8except as hereinafter provided. It includes persons who furnish collection systems
1.9carrying a name which simulates the name of a collection agency and who supply forms
1.10or form letters to be used by the creditor, even though such forms direct the debtor to
1.11make payments directly to the creditor rather than to such fictitious agency. The term also
1.12includes a person who (1) purchases an account, bill, or other indebtedness that was
1.13incurred by the debtor for personal, family, or household purposes, and (2) collects the
1.14purchased account, bill, or other indebtedness on its own behalf.
1.15 Sec. 2. Minnesota Statutes 2012, section 332.31, subdivision 6, is amended to read:
1.16 Subd. 6. Collector. "Collector" is a person acting under the authority of a collection
1.17agency under subdivision 3, and on its behalf in the business of collection for others an
1.18account, bill, or other indebtedness except as otherwise provided in this chapter. The term
1.19includes a person acting under the authority of a collection agency under subdivision 3
1.20that (1) purchases any account, bill, or other indebtedness that was incurred by the debtor
1.21for personal, family, or household purposes, and (2) collects the purchased account, bill,
1.22or other indebtedness on its own behalf.
1.32012, section 332.31, subdivisions 3, 6.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2012, section 332.31, subdivision 3, is amended to read:
1.6 Subd. 3. Collection agency. "Collection agency" means and includes any person
1.7engaged in the business of collection for others any account, bill or other indebtedness
1.8except as hereinafter provided. It includes persons who furnish collection systems
1.9carrying a name which simulates the name of a collection agency and who supply forms
1.10or form letters to be used by the creditor, even though such forms direct the debtor to
1.11make payments directly to the creditor rather than to such fictitious agency. The term also
1.12includes a person who (1) purchases an account, bill, or other indebtedness that was
1.13incurred by the debtor for personal, family, or household purposes, and (2) collects the
1.14purchased account, bill, or other indebtedness on its own behalf.
1.15 Sec. 2. Minnesota Statutes 2012, section 332.31, subdivision 6, is amended to read:
1.16 Subd. 6. Collector. "Collector" is a person acting under the authority of a collection
1.17agency under subdivision 3, and on its behalf in the business of collection for others an
1.18account, bill, or other indebtedness except as otherwise provided in this chapter. The term
1.19includes a person acting under the authority of a collection agency under subdivision 3
1.20that (1) purchases any account, bill, or other indebtedness that was incurred by the debtor
1.21for personal, family, or household purposes, and (2) collects the purchased account, bill,
1.22or other indebtedness on its own behalf.
