Section 332A.16 Advertisement of Debt Management Services - Minnesota Statutes

332A.16 ADVERTISEMENT OF DEBT MANAGEMENT SERVICES.

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; 2009 c 37 art 4 s 18