SF1532 - Minnesota: Credit counseling and debt management services regulation and criminal penalties imposition

2E Regulating the business of credit counseling and debt management services; clarifying debt management services providers under commissioner of commerce regulatory authority; defining certain terms; requiring debt management service providers to be registered after a certain date, requiring current licensed debt proraters to renew licenses as debt management service providers, allowing continuance for certain unlicensed debt proraters; requiring registration application to the commissioner of commerce in writing, providing for term and scope of registration, fees, surety bond, condition of bond, right of action on bond and a registrant list; requiring commissioner consent for registration transfers and assignments; requiring annual registration renewal and prescribing registrant duties; specifying registration denial conditions; authorizing the commissioner to suspend, revoke or refuse to renew registrations under certain

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