Debt Prorating Agency

The State of Minnesota requires all entities involved in the business of Debt Prorating to post a $5,000 surety bond.

Regulating Department Contact:

Terry Meyer, Chief Examiner
Minnesota Department of Commerce
85 7th Place East, Suite 500
St. Paul, MN 55101

Statutes:

Minnesota Statutes 332

Rules:

Minnesota Rules 2365.7100 – 2575.7140

Underwriting Requirements:

  1. Apply for bond HERE
  2. Business Financial statement or Personal financial statement
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