| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 1.1 A bill for an act | |
| 2 | 2 | 1.2 relating to consumer protection; requiring lenders to pause monthly payments on | |
| 3 | 3 | 1.3 seized property; prohibiting lenders from reporting failure to make monthly | |
| 4 | 4 | 1.4 payments on seized property; proposing coding for new law in Minnesota Statutes, | |
| 5 | 5 | 1.5 chapter 325G. | |
| 6 | 6 | 1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: | |
| 7 | 7 | 1.7 Section 1. [325G.221] VICTIM PAYMENT SUSPENSION. | |
| 8 | 8 | 1.8 Subdivision 1.Victim payment suspension.(a) A seller or lender must suspend a | |
| 9 | 9 | 1.9victim's recurring billing requirement when a cell phone, vehicle, or other property associated | |
| 10 | 10 | 1.10with the bill has been seized as a result of the crime. | |
| 11 | 11 | 1.11 (b) The victim must provide to the seller or lender documentation that was provided to | |
| 12 | 12 | 1.12the victim by law enforcement to verify the property was seized as evidence and is in the | |
| 13 | 13 | 1.13custody of law enforcement. | |
| 14 | 14 | 1.14 (c) A seller or lender must only resume a recurring bill requirement when the seized | |
| 15 | 15 | 1.15property has been returned to the victim. | |
| 16 | 16 | 1.16 Subd. 2.Reporting failure to pay.A seller or lender must not report to a collection | |
| 17 | 17 | 1.17agency, as defined under section 332.31, subdivision 3, that a victim has failed to make | |
| 18 | 18 | 1.18payments on property for the duration of time that the property is seized by law enforcement. | |
| 19 | 19 | 1Section 1. | |
| 20 | 20 | 25-03122 as introduced02/12/25 REVISOR RSI/ES | |
| 21 | 21 | SENATE | |
| 22 | 22 | STATE OF MINNESOTA | |
| 23 | 23 | S.F. No. 1797NINETY-FOURTH SESSION | |
| 24 | 24 | (SENATE AUTHORS: OUMOU VERBETEN and Gustafson) | |
| 25 | 25 | OFFICIAL STATUSD-PGDATE | |
| 26 | 26 | Introduction and first reading02/24/2025 | |
| 27 | 27 | Referred to Commerce and Consumer Protection |