Minnesota § 332.31 - DEFINITIONS
Full text of Minnesota Minnesota Statutes § 332.31 — DEFINITIONS, with citation guidance and answers to common questions.
§ 332.31. DEFINITIONS
Subdivision 1.Terms.
The terms in this section for the purposes of sections 332.31 to 332.44 shall have the meanings given them.
Subd. 2.Person.
"Person" means and includes individuals, partnerships, associations or corporations.
Subd. 3.Collection agency.
"Collection agency" or "licensee" means (1) a person engaged in the business of collection for others any account, bill, or other indebtedness, except as hereinafter provided; or (2) a debt buyer. It includes persons who furnish collection systems carrying a name which simulates the name of a collection agency and who supply forms or form letters to be used by the creditor, even though such forms direct the debtor to make payments directly to the creditor rather than to such fictitious agency.
Subd. 4.
[Repealed, 1979 c 144 s 7]
Subd. 5.
[Repealed, 1979 c 144 s 7]
Subd. 6.Collector.
"Collector" is a person acting under the authority of a collection agency under subdivision 3 or a debt buyer under subdivision 8, and on its behalf in the business of collection for an account, bill, or other indebtedness except as otherwise provided in this chapter.
Subd. 7.
[Repealed, 2010 c 384 s 104]
Subd. 8.Debt buyer.
"Debt buyer" means a business engaged in the purchase of any charged-off account, bill, or other indebtedness for collection purposes, whether the business collects the account, bill, or other indebtedness, hires a third party for collection, or hires an attorney for litigation related to the collection.
Subd. 9.Affiliated company.
"Affiliated company" means a company that: (1) directly or indirectly controls, is controlled by, or is under common control with another company or companies; (2) has the same executive management team or owner that exerts control over the business operations of the company; (3) maintains a uniform network of corporate and compliance policies and procedures; and (4) does not engage in active collection of debts.
History:
1969 c 766 s 1; 1973 c 720 s 54 subd 2; 1987 c 37 s 1; 2000 c 389 s 1; 2014 c 222 art 2 s 18; 1Sp2021 c 4 art 5 s 1-4
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 332.31
What does Minnesota Statutes § 332.31 cover?
Section 332.31 ("DEFINITIONS") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 332.31?
A common citation format is "Minnesota Statutes § 332.31" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 332.31 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.