Bill > SF1347

This bill makes two key changes: first, it modifies the definition of "debt buyer" in Minnesota statutes to explicitly exclude nonprofit organizations that purchase charged-off accounts or bills for charitable purposes, and second, it appropriates $5 million in fiscal year 2026 to the commissioner of commerce for a grant to Undue Medical Debt, a nonprofit organization. The medical debt relief grant is intended to help eligible Minnesota residents who have been unable to pay their medical bills after hospital providers have completed reasonable collection efforts. The appropriation is a one-time allocation available until June 30, 2028, and requires Undue Medical Debt to provide the commissioner of commerce and the attorney general with information about the residents whose medical debts are relieved. This bill aims to support individuals struggling with medical debt by providing a mechanism for debt relief and clarifying the legal definition of debt buyers to distinguish between commercial collection entities and charitable organizations.

Business and Industry

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1347&ssn=0&y=2025