| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to consumer protection; requiring lenders to pause monthly payments on |
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| 3 | 3 | | 1.3 seized property; prohibiting lenders from reporting failure to make monthly |
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| 4 | 4 | | 1.4 payments on seized property; proposing coding for new law in Minnesota Statutes, |
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| 5 | 5 | | 1.5 chapter 325G. |
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| 6 | 6 | | 1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 7 | 7 | | 1.7 Section 1. [325G.221] VICTIM PAYMENT SUSPENSION. |
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| 8 | 8 | | 1.8 Subdivision 1.Victim payment suspension.(a) A seller or lender must suspend a |
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| 9 | 9 | | 1.9victim's recurring billing requirement when a cell phone, vehicle, or other property associated |
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| 10 | 10 | | 1.10with the bill has been seized as a result of the crime. |
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| 11 | 11 | | 1.11 (b) The victim must provide to the seller or lender documentation that was provided to |
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| 12 | 12 | | 1.12the victim by law enforcement to verify the property was seized as evidence and is in the |
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| 13 | 13 | | 1.13custody of law enforcement. |
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| 14 | 14 | | 1.14 (c) A seller or lender must only resume a recurring bill requirement when the seized |
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| 15 | 15 | | 1.15property has been returned to the victim. |
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| 16 | 16 | | 1.16 Subd. 2.Reporting failure to pay.A seller or lender must not report to a collection |
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| 17 | 17 | | 1.17agency, as defined under section 332.31, subdivision 3, that a victim has failed to make |
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| 18 | 18 | | 1.18payments on property for the duration of time that the property is seized by law enforcement. |
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| 19 | 19 | | 1Section 1. |
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| 20 | 20 | | REVISOR RSI/ES 25-0312202/12/25 |
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| 21 | 21 | | State of Minnesota |
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| 22 | 22 | | This Document can be made available |
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| 23 | 23 | | in alternative formats upon request |
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| 24 | 24 | | HOUSE OF REPRESENTATIVES |
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| 25 | 25 | | H. F. No. 2564 |
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| 26 | 26 | | NINETY-FOURTH SESSION |
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| 27 | 27 | | Authored by Finke, Moller, Hollins, Her and Rarick03/20/2025 |
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| 28 | 28 | | The bill was read for the first time and referred to the Committee on Commerce Finance and Policy |
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