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