MN SF2499

Defines "financial institution" to include banks, savings banks, credit unions, trust companies, industrial loan and thrift companies, and regulated lenders under chapter 56 located in Minnesota.

Prohibits financial institutions from refusing services to customers based on race, color, creed, religion, disability, national origin, marital status, sexual orientation, or sex.

Requires financial institutions to provide written reasons for service denials within ten working days of a customer's written request, and to specify any state or federal law that required the refusal.

Allows financial institutions to withhold reasons for service refusal only if prohibited from disclosing them by state or federal law.

Applies to refusals to open savings or checking accounts or to closures of existing accounts.