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MN HF2236

Bill

Status

Introduced

3/12/2025

Primary Sponsor

Tim O'Driscoll

Click for details

Origin

House of Representatives

94th Legislature 2025-2026

AI Summary

  • Removes obsolete transitional language from Minnesota Statutes section 53C.08 regarding retail installment contracts for vehicle sales

  • Deletes requirement that applied only to contracts executed before August 1, 1996, which mandated sellers provide signed copies to buyers within 120 days after that date

  • Retains all substantive consumer protection requirements, including that contracts must be in writing, signed by both parties, and delivered to buyers within 7 days of vehicle delivery

  • Maintains existing provisions prohibiting confession of judgment clauses and limiting delinquency charges to 5% or $5 (whichever is greater) for installments 10+ days overdue

Legislative Description

Commerce; obsolete language removed.

Last Action

Introduction and first reading, referred to Commerce Finance and Policy

3/12/2025

Committee Referrals

Commerce Finance & Policy3/12/2025

Full Bill Text

No bill text available