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 the agency's 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.
History: 2010 c 384 s 93
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