Bill > SF2648

This bill modifies the definition of a "debt buyer" in Minnesota law and provides a grant for medical debt relief. The first section amends the existing statute to clarify that a debt buyer does not include a nonprofit organization purchasing a charged-off account or bill for charitable purposes. The second section appropriates $5 million from the general fund in fiscal year 2026 to the commissioner of commerce, specifically for a grant to Undue Medical Debt, a nonprofit organization. The grant aims to relieve medical debt for eligible Minnesota residents who have been unable to pay their medical bills after reasonable collection efforts by hospital providers have been exhausted. The appropriation is a one-time funding that will be available until June 30, 2028. Additionally, Undue Medical Debt is required to provide the commissioner of commerce and the attorney general with information about the residents whose medical debts are relieved, including details about the number and characteristics of those individuals. The medical debt relief provision becomes effective the day after the bill is enacted.

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https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2648&ssn=0&y=2025