{"data":{"id":"us-mn/minn.-stat.-332.345","jurisdiction":"us-mn","citation":"Minn. Stat. § 332.345","heading":"SEGREGATED ACCOUNTS.","body":"A payment collected by a collector or collection agency on behalf of a customer shall be held by the collector or collection agency in a separate trust account clearly designated for customer funds. The account must be in a bank or other depository institution authorized or chartered under the laws of any state or of the United States. This section does not apply to a debt buyer, except to the extent the debt buyer engages in third-party debt collection for others.","path":["TRADE REGULATIONS, CONSUMER PROTECTION","CHAPTER 332. COLLECTION, CREDIT SERVICES","COLLECTION AGENCIES"],"source_url":"https://www.revisor.mn.gov/statutes/cite/332.345","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:42Z","sha256":"efd08a03fbb2e092adb0d388a45f5eb0f5dc7a570c50fcbf22babce83791801d","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-332.34","next":"us-mn/minn.-stat.-332.35"},"notice":"GroundRules: Original legal text. Not legal advice."}