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Title: Credit Services Organization Registration
Alternate Title:

A Credit Services Organization is a business that, for a fee, offers the following services to consumers: improving the consumer's credit rating or history, obtaining credit for the consumer, or providing credit advice or assistance to the consumer. (Minn. Stat. § 332.52) Minnesota Department of Commerce

Subject: Financial Institutions
Creation Date: 9/11/2008 2:12:16 PM
Modification Date: 8/3/2020 5:18:28 PM
Agency Name: Commerce, Minnesota Department of
Agency URL:
Agency Description: The Minnesota Department of Commerce is the chief regulator for the banking, energy, insurance, real estate, securities, telecommunications industries and also operates Minnesota's Unclaimed Property.
Agency Phone: 651-539-1600
Agency Fax: Agency URL:
Agency Address:
85 7th Place East, Suite 500

St. Paul
Division Name: Financial Institutions Division
Division URL:
Division Description:
Division Phone: 651-539-1570
Division Fax: Division URL:
Audience: Application URL:
Renewal URL:
Versa URL:

Debt Management Services Providers help aid over-extended consumers with financial planning by developing a budget and receiving funds from the consumer to repay creditors under a specific plan. See Minn. Stat. § 332A

You are a debt management services provider and need to be registered (whether or not you are located in Minnesota) if you provide any one or more of the following services in connection with debt incurred primarily for personal, family, or household services:

  • Managing the financial affairs of an individual by distributing income or money to the individual's creditors; 
  • Receiving funds for the purpose of distributing the funds among creditors in payment or partial payment of obligations of a debtor; or 
  • Adjusting, prorating, pooling, or liquidating the indebtedness of a debtor.

Any person so engaged or holding out as so engaged is deemed to be engaged in the provision of debt management services regardless of whether or not a fee is charged for such services.

The department licenses these companies and provides regulatory oversight to ensure fair business practices.


Debt Management

     Credit Service Organization

     Debt Management

     Debt Settlement

Requirements Checklist

Statutes: 332A
332.52 - .62


Go to NMLS


Application fee - $1,000

Period of Issuance:

Expires June 30 annually.

Length of Determination: 30 days.
Other Info:
Activity: Credit Services Organization
License Detail URL:

Debt Services

Financial Institutions

License Lookup Directory

Minnesota Department of Commerce

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