Top Legislation - View All
Latest Action: 05/08/2009 - Governor's action Veto 05/08/08 Bill Text
4E Regulating medical debt information disclosure; defining certain terms;
prohibiting certain conduct; providing for certain general exclusions and
enforcement; providing for financial review
(Ch. 279, 2008 VETO)
Latest Action: 03/11/2008 - Introduction and first reading, referred to Commerce and Labor Bill Text
Credit scoring regulated in cases of death of a spouse or divorce.
Latest Action: 04/30/2008 - Comm rpt: Rule 45-amend, sub Gen Ord SF3328 Bill Text
Regulating surcharges on credit cards; authorizing a seller of goods or services
to impose a minimum amount allowable for purchases with a credit or debit card
(ra)
Latest Action: 02/14/2008 - Introduction and first reading, referred to Higher Education and Work Force Development Policy and Finance Division Bill Text
MnSCU board policy on credit requirements clarified.
Latest Action: 03/27/2008 - Author added McFarlane Bill Text
Electronic licensing system agents permitted to charge a higher fee to credit
card users, and notification of higher fee to individuals required.
Latest Action: 05/18/2007 - House concurred and repassed bill Bill Text
Relating to commerce; establishing liability for breach of security for
credit cards, debit cards and stored value cards (access devices); defining
certain terms; prohibiting persons or entities from retaining the card security
code data, the PIN verification number or the full contents of any track of
magnetic stripe data of access devices subsequent to the authorization of
initial transactions; establishing liability for security breaches
(Ch. 108, 2007)
Latest Action: 03/23/2007 - Committee report, to pass as amended and re-refer to Finance Bill TextHF 1515 FIRST ENGROSSMENT Debt management services regulated, and money appropriated. Section 1: Scope language added. Section 2: General language modified. Section 3: Supervision over financial institutions language added. Section 4: Assessment authority language modified. Section 5: Telephone solicitation language added. Section 6: Definitions language modified. Section 7: Definitions provided. Section 8: Requirement of registration language provided. Section 9: Registration language provided. Section 10: Nonassignment of registration language provided. Section 11: Renewal of registration language added. Section 12: Other duties of registrant language added. Section 13: Denial of registration language added. Section 14: Suspending, revoking, or refusing to renew registration language show full description
Latest Action: 04/23/2007 - Secretary of State Ch. 18 04/20/07 Bill Text
Regulating predatory lending practices; providing certain additional
requirements for residential mortgage originators and servicers to discourage
predatory lending including determining reasonable ability to pay; prohibiting
the practice of churning; requiring lenders to inform borrowers of additional
money due for taxes and insurance; modifying the definition of lender fee;
modifying disclosure requirements for certain residential mortgage brokers;
specifying mortgage broker duties of agency
(Ch. 18, 2007)
Latest Action: 02/15/2007 - Author added Slocum Bill Text
Consumer purchases by credit card regulated, and identity verification required.
Latest Action: 03/13/2008 - Introduction and first reading Bill Text
Modifying consumer small loans regulations; modifying the definition of consumer
small loan and modifying the loan limit; modifying lender authority and certain
loan terms and conditions; requiring a loan contract to include a provision
offering an optional extended payment plan and specifying certain regulations;
prohibiting certain practices; requiring lender display of notification of the
extended repayment plan and other locally available debt repayment services
(je)
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Latest Legislation - View All
Latest Action: 04/23/2008 - Introduction and first reading Bill Text
Relating to civil actions; moving mortgage redemption sales to the end of the
current redemption period, defining postnotice reinstatement period and service
of the notice of a foreclosure sale upon the occupants; eliminating mortgagee
redemption rights; requiring surplus to be paid to junior lienors in order of
priority; authorizing the federal government to exercise the right to redeem
after foreclosure sales under the condition of a federal tax lien and requiring
certificate of sale redemption period reference; repealing certain provisions
relating to redemption
(rt)
Latest Action: 04/30/2008 - HF substituted on General Orders HF3332 Bill Text
Regulating surcharges on credit cards; eliminating the requirement for sellers
to orally inform purchasers of surcharges under certain conditions; authorizing
a seller of goods or services to impose a minimum amount allowable for purchases
with a credit or debit card
(ra)
Latest Action: 02/18/2008 - Introduction and first reading Bill TextProviding an income tax credit for costs incurred for the rehabilitation of certain certified historic structures located in the Fergus Falls historical zone; providing for a carryback and carryforward of tax liability; requiring pass through of credits granted to partnerships or limited liability companies (LLC) taxed as partnerships or multiple owners of property to the partners, members or owners, authorizing transfer, sale or assignment of the credits and use to offset income taxes imposed; requiring taxpayer application to the state historic preservation office of the Minnesota historical society before beginning the project, requiring the office to determine the amount of eligible rehabilitation costs, eligibility certificate issuance requirement and fee charging authority; authorizing the taxpayers to elect in lieu of the credit to receive a historic rehabilitation mortgage credit certificate, specifying terms [...] show full description
Latest Action: 02/25/2008 - Introduction and first reading Bill Text
Permitting natural resources department (DNR) electronic licensing agents to
charge a higher fee to in person customers using credit cards and requiring
agents to post appropriate informational signs near the point of payment
(rt)
Also tagged in: Appropriations, Banks and Financial Institutions, Commerce Department, Counties, Data Practices and Privacy, Education and Education Department, Insurance, Insurance-Health, Mortgages and Deeds, Occupations and Professions, Real Estate, Telecommunications and Information Technology
Latest Action: 03/15/2007 - Comm rpt: To pass as amend & re-ref to Finance Bill Text
1E Authorizing the commissioner of commerce to establish and maintain an
electronic licensing database system for license origination, renewal and
tracking the completion of continuing education requirements of individual
insurance agent licensees, requiring the commissioner to pay for database costs
through imposition of a continuing education technology surcharge, specifying a
maximum surcharge fee, establishing the commerce department technology account,
permitting commissioner surcharge reduction or suspension upon reaching a
certain account balance; prohibiting an individual from selling, soliciting and
negotiating long term care insurance unless licensed as an insurance producer
for accident and health or sickness insurance or life insurance and has
completed an initial training course and ongoing training, specifying training
requirements
(me)
Latest Action: 02/28/2008 - Introduction and first reading Bill Text
Regulating consumer small loans; modifying the definition of consumer small
loan; specifying a loan limit; regulating lender charges; requiring lender
inquiry as to borrower military status; prohibiting loan making to certain
recent debtors; prohibiting certain practices; regulating installment payment
plans; modifying lender annual report requirements to the commissioner of
commerce; requiring lenders to furnish borrowers with written contract copies
and specifying contract disclosure requirements; prescribing penalties for
violations; expanding the definition of collection agency to include consumer
small loan collectors and defining consumer small loan collector; providing an
exemption from collector registration and licensing requirements
(rt)
Latest Action: 02/20/2008 - Introduction and first reading Bill Text
Modifying consumer small loan lender charges
(me)
Latest Action: 02/12/2007 - Introduction and first reading Bill Text
Requiring and providing for the rural finance authority to establish and
implement a farm enhancement loan program to help finance the acquisition,
construction or improvement of buildings for dairy animal housing, confinement,
feeding, milk production and waste management; specifying certain borrower
eligibility requirements; specifying certain loan and forgiveness requirements;
authorizing certain application and origination fees; establishing a revolving
fund; appropriating money to the commissioner of agriculture
(rt)
Latest Action: 03/14/2007 - Author added Frederickson Bill TextProviding an income tax credit for costs incurred for the rehabilitation of certain certified historic structures; providing for a carryback and carryforward of tax liability; requiring pass through of credits granted to partnerships or limited liability companies (LLC) taxed as partnerships or multiple owners of property to the partners, members or owners, authorizing transfer, sale or assignment of the credits and use to offset income taxes imposed; requiring taxpayer application to the state historic preservation office of the Minnesota historical society before beginning the project, requiring the office to determine the amount of eligible rehabilitation costs, eligibility certificate issuance requirement and fee charging authority; authorizing the taxpayers to elect in lieu of the credit to receive a historic rehabilitation mortgage credit certificate, specifying terms and conditions, restricting transfer of the [...] show full description
Latest Action: 02/15/2007 - Introduction and first reading Bill Text
Requiring the rural finance authority (RFA) to establish and implement a dairy
animal revolving loan program to help dairy producers purchase additional dairy
animals, specifying eligibility; authorizing the authority to make direct loans
or participate in loans with eligible lenders, specifying terms and conditions;
appropriating money to the commissioner of agriculture for deposit in the RFA
revolving loan account
(me)
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