Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
332A.16 ADVERTISEMENT OF DEBT MANAGEMENT SERVICES PLANS.
No debt management services provider may make false, deceptive, or misleading statements
or omissions about the rates, terms, or conditions of an actual or proposed debt management
services plan or its debt management services, or create the likelihood of consumer confusion or
misunderstanding regarding its services, including but not limited to the following:
(1) represent that the debt management services provider is a nonprofit, not-for-profit, or
has similar status or characteristics if some or all of the debt management services will be
provided by a for-profit company that is a controlling or affiliated party to the debt management
services provider; or
(2) make any communication that gives the impression that the debt management services
provider is acting on behalf of a government agency.
History: 2007 c 57 art 3 s 58
No debt management services provider may make false, deceptive, or misleading statements
or omissions about the rates, terms, or conditions of an actual or proposed debt management
services plan or its debt management services, or create the likelihood of consumer confusion or
misunderstanding regarding its services, including but not limited to the following:
(1) represent that the debt management services provider is a nonprofit, not-for-profit, or
has similar status or characteristics if some or all of the debt management services will be
provided by a for-profit company that is a controlling or affiliated party to the debt management
services provider; or
(2) make any communication that gives the impression that the debt management services
provider is acting on behalf of a government agency.
History: 2007 c 57 art 3 s 58
Official Publication of the State of Minnesota
Revisor of Statutes