Minnesota § 332B.05 DENIAL, SUSPENSION, REVOCATION, OR NONRENEWAL OF REGISTRATION

Minnesota Statutes

§ 332B.05 — DENIAL, SUSPENSION, REVOCATION, OR NONRENEWAL OF REGISTRATION

Minnesota § 332B.05

PartTRADE REGULATIONS, CONSUMER PROTECTION

Ch. 332BDEBT SETTLEMENT SERVICES

This text of Minnesota § 332B.05 (DENIAL, SUSPENSION, REVOCATION, OR NONRENEWAL OF REGISTRATION) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 332B.05 (2026).

Text

Subdivision 1.Denial.
The commissioner, with notice to the applicant by certified mail sent to the address listed on the application, may deny an application for a registration for any of the reasons specified under section332A.08.

Subd. 2.Suspension, revocation, or nonrenewal.
The commissioner may suspend, revoke, or refuse to renew any registration issued under this chapter, or may levy a civil penalty under section45.027, or any combination of actions, if the debt settlement services provider or any controlling or affiliated person has committed any act or omission for which the commissioner could have refused to issue an initial registration.

Subd. 3.Procedure.
Suspension, revocation, or nonrenewal must be upon notice and under the conditions prescribed in section332A.09, subdivisio

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Subdivision 1.Denial.
The commissioner, with notice to the applicant by certified mail sent to the address listed on the application, may deny an application for a registration for any of the reasons specified under section332A.08.

Subd. 2.Suspension, revocation, or nonrenewal.
The commissioner may suspend, revoke, or refuse to renew any registration issued under this chapter, or may levy a civil penalty under section45.027, or any combination of actions, if the debt settlement services provider or any controlling or affiliated person has committed any act or omission for which the commissioner could have refused to issue an initial registration.

Subd. 3.Procedure.
Suspension, revocation, or nonrenewal must be upon notice and under the conditions prescribed in section332A.09, subdivision 1. Upon issuance of an order suspending, revoking, or refusing to renew a registration, the commissioner:
(1) shall follow the procedure established in section332A.09, subdivision 2; and
(2) may follow the procedure specified in section332A.09, subdivision 3, concerning the appointment of a receiver for funds of sanctioned registrants.