2002 Minnesota Statutes

     332.34 Bond. 

    The commissioner of commerce shall require each collection 
 agency licensee to annually file and maintain in force a 
 corporate surety bond, in a form to be prescribed by, and 
 acceptable to, the commissioner, and in a sum of at least 
 $20,000.  A collection agency may deposit cash in and with a 
 depository acceptable to the commissioner in an amount and in 
 the manner prescribed and approved by the commissioner in lieu 
 of a bond. 

    HIST: 1969 c 766 s 4; 1973 c 720 s 54 subd 2; 1979 c 144 s 6; 
 1980 c 516 s 2; 1981 c 229 s 1; 1983 c 289 s 114 subd 1; 1984 c 
 655 art 1 s 92; 1986 c 444; 1987 c 37 s 3; 1996 c 439 art 1 s 
 16; 1997 c 222 s 52