2005 Minnesota Statutes - 332.32 — Exclusions.

     332.32 Exclusions. 


    The term "collection agency" shall not include persons 
 whose collection activities are confined to and are directly 
 related to the operation of a business other than that of a 
 collection agency such as, but not limited to banks when 
 collecting accounts owed to the banks and when the bank will 
 sustain any loss arising from uncollectible accounts, abstract 
 companies doing an escrow business, real estate brokers, public 
 officers, persons acting under order of a court, lawyers, trust 
 companies, insurance companies, credit unions, savings 
 associations, loan or finance companies unless they are engaged 
 in asserting, enforcing or prosecuting unsecured claims which 
 have been purchased from any person, firm, or association when 
 there is recourse to the seller for all or part of the claim if 
 the claim is not collected.  


    HIST: 1969 c 766 s 2; 1995 c 202 art 1 s 25