SF1797 (Legislative Session 94 (2025-2026))
Seized property monthly payments paused by lenders requirement provision and seized property monthly payment failure reporting by lenders prohibition provision
Related bill: HF2564
AI Generated Summary
This bill (S.F. No. 1797) relates to consumer protection in Minnesota and introduces a new law under Minnesota Statutes chapter 325G.
- Victim Payment Suspension: It requires lenders or sellers to suspend monthly billing for victims when their property—such as a cell phone or vehicle—has been seized as evidence in a crime.
- Verification Process: Victims must provide documentation from law enforcement confirming that the property has been seized and is in police custody.
- Billing Resumption: The lender or seller can only resume billing once the seized property has been returned to the victim.
- Credit Reporting Protection: Lenders and sellers are prohibited from reporting non-payment of seized property to collection agencies for the duration of the seizure.
The bill aims to protect victims from financial burdens while their property is held by law enforcement.
Bill text versions
- Introduction PDF file
Actions
Date | Chamber | Where | Type | Name | Committee Name |
---|---|---|---|---|---|
February 23, 2025 | Senate | Floor | Action | Introduction and first reading | |
February 23, 2025 | Senate | Floor | Action | Referred to | Commerce and Consumer Protection |
February 26, 2025 | Senate | Floor | Action | Author added |