2nd Engrossment - 90th Legislature (2017 - 2018) Posted on 05/09/2018 10:33am
Engrossments | Comparisons | ||
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Introduction | Posted on 01/19/2017 | ||
1st Engrossment | Posted on 02/16/2017 | ||
2nd Engrossment | Posted on 03/08/2018 | compared with SF327 3rd Engrossment |
A bill for an act
relating to consumer protection; prohibiting the assignment of military pay or
benefits; providing remedies; proposing coding for new law in Minnesota Statutes,
chapter 325F.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) For the purposes of this section, the terms in paragraphs
(b) and (c) have the meanings given.
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(b) "Military beneficiary" means a current or former enlisted member or officer of the
United States Army, Navy, Air Force, Marine Corps, Coast Guard, or National Guard; the
spouse of the member or officer; and any individual considered a beneficiary of the military
benefits of the member or officer.
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(c) "Person" has the meaning given in section 325F.68.
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(a) A person shall not enter into or attempt to enter into an
agreement with a military beneficiary that assigns the military beneficiary's military pay or
military benefits in violation of United States Code, title 37, section 701, or United States
Code, title 38, section 5301.
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(b) A person shall not enter into or attempt to enter into any agreement, device, scheme,
or other artifice with a military beneficiary, including but not limited to a purchase and sale
agreement, that assigns or sells all or a portion of the military beneficiary's military pay or
military benefits.
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(c) An agreement prohibited by paragraph (a) or (b) is void, and a military beneficiary
is not required to disgorge or repay any consideration received under the agreement.
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In addition to any other remedies available under the law,
the military beneficiary injured by a violation of this section may bring a cause of action to
recover damages, reasonable attorney fees and costs, or equitable relief related to a violation
of subdivision 2.
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