Minnesota SF 1347: Debt buyer definition modification provision and Undue Medical Debt grant appropriation

Status: Author added Abeler (as of 2025-04-22)

State: Minnesota · Session: 2025-2026 · Bill: SF 1347

Subjects: Commerce and Commerce Department, Health and Health Department

Sponsors: Boldon, Abeler, Klein, Kupec, Wiklund

Bill Text

1.1 A bill for an act​
1.2 relating to commerce; modifying the definition of debt buyer; appropriating money​
1.3 for a grant to Undue Medical Debt; requiring reports; amending Minnesota Statutes​
1.4 2024, section 332.31, subdivision 8.​
1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.6 Section 1. Minnesota Statutes 2024, section 332.31, subdivision 8, is amended to read:​
1.7 Subd. 8.Debt buyer."Debt buyer" means a business engaged in the purchase of any​
1.8 charged-off account, bill, or other indebtedness for collection purposes, whether the business​
1.9 collects the account, bill, or other indebtedness, hires a third party for collection, or hires​
1.10 an attorney for litigation related to the collection. Debt buyer does not include a nonprofit​
1.11 organization purchasing a charged-off account, bill, or other indebtedness for charitable​
1.12 purposes.​
1.13 Sec. 2. APPROPRIATION; MEDICAL DEBT RELIEF; REPORT.​
1.14 Subdivision 1.Appropriation.$5,000,000 in fiscal year 2026 is appropriated from the​
1.15 general fund to the commissioner of commerce for a grant to Undue Medical Debt to relieve​
1.16 the medical debt of eligible residents who were unable to pay medical bills after reasonable​
1.17 collections efforts undertaken by hospital providers were completed. This is a onetime​
1.18 appropriation and is available until June 30, 2028.​
1.19 Subd. 2.Report.Undue Medical Debt must share information with the commissioner​
1.20 of commerce and the attorney general regarding the number and characteristics of the​
1.21 residents who have had medical debts relieved under this appropriation.​
1.22 EFFECTIVE DATE.This section is effective the day following final enactment.​
1​Sec. 2.​
25-02798 as introduced​02/05/25 REVISOR RSI/ES​
SENATE​
STATE OF MINNESOTA​
S.F. No. 1347​NINETY-FOURTH SESSION​
(SENATE AUTHORS: BOLDON, Klein, Kupec, Wiklund and Abeler)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​378​02/13/2025​
Referred to Commerce and Consumer Protection​
Author added Abeler​3721​04/22/2025​

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