MN SF2537

Expands the definition of "financial record" to include video or image recordings of transactions or attempted transactions involving a customer's account at a financial institution.

Creates new subdivision 8 under Minnesota Statutes 609.527 allowing law enforcement and prosecuting authorities to obtain limited account information from financial institutions with a written certification that they are investigating or prosecuting identity theft crimes, without requiring a warrant or subpoena.

Limited information that may be released under the new certification process includes: account holder name(s), account status, payment card activation status, and last known address and telephone numbers of the account holder(s).

Financial institutions must release requested information within a reasonable time without imposing fees and are protected from criminal or civil liability for releasing information in accordance with the certification process.

Extends the validity period for search warrants on financial institutions from 10 days to 30 days, with possible 30-day extensions upon court approval if the financial institution has not produced records within the initial 30-day period.