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Exemption From Licensure

EFFECTIVE DATE: January 1, 2011.

Minnesota Statutes: Sec. 93. [332.3351] EXEMPTION FROM LICENSURE.
A collection agency shall be exempt from the licensing and registration requirements of this chapter if all of the following conditions are met:

(1) the agency is located in another state that regulates and licenses collection agencies, but does not require a Minnesota collection agency to obtain a license to collect debts in their state if the agency's collection activities are limited in the same manner;

(2) the agency's collection activities are limited to collecting debts not incurred in this state from consumers located in this state; and

(3) the agency's collection activities in Minnesota are conducted by means of
interstate communications, including telephone, mail, electronic mail, or facsimile transmission.