Chapter 332A — Requirement of Registration

332A.02 Definitions This section defines the key terms used in Minnesota's debt management services law. A 'debt management services … 332A.03 Requirement of Registration Since August 1, 2007, any person or company that provides debt management services to Minnesotans must first register … 332A.04 Registration To register as a debt management services provider in Minnesota, a company must submit a detailed written application to … 332A.05 Nonassignment of Registration A debt management services provider's registration with the Minnesota Department of Commerce cannot be transferred or … 332A.06 Renewal of Registration Debt management services providers must renew their registration every year by applying between 30 and 60 days before it … 332A.07 Other Duties of Registrant Registered debt management services providers must update the commissioner about any changes to their application … 332A.08 Denial of Registration The commissioner of commerce can deny a registration application if the applicant has submitted false or incomplete … 332A.09 Suspending, Revoking, or Refusing to Renew Registration The commissioner can revoke, suspend, or refuse to renew a debt management services registration for the same reasons … 332A.10 Written Debt Management Services Agreement Before collecting any money, a debt management services provider must have a signed written contract with the debtor … 332A.11 Right to Cancel A debtor can cancel a debt management services agreement at any time for any reason by giving ten days' written notice. … 332A.12 Books, Records, and Information Debt management services providers must keep detailed records for at least six years and must give each debtor a monthly … 332A.13 Fees, Payments, and Consent of Creditors Debt management services providers can charge an origination fee of no more than $50 and a monthly maintenance fee … 332A.14 Prohibitions Debt management services providers in Minnesota are prohibited from a wide range of harmful practices. They cannot buy … 332A.16 Advertisement of Debt Management Services Debt management services providers cannot make false, misleading, or deceptive claims in their advertising about rates, … 332A.17 Debt Management Services Agreement Rescission If a debt management services provider commits a material violation of Minnesota's debt management law, the debtor has … 332A.18 Enforcement; Remedies Any violation of the debt management services law is treated as an unfair or deceptive trade practice under Minnesota … 332A.19 Investigation The commissioner of commerce can examine the books and records of any registered debt management services provider at …