1.1 	A bill for an act
1.2 	relating to financial institutions; modifying certain provisions relating to vehicle 
1.3 	forfeitures and fees for information releases; amending Minnesota Statutes 2004, 
1.4 	sections 48.513; 169A.63, subdivision 11; 609.535, subdivision 6.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2004, section 48.513, is amended to read:
1.7 	48.513 FINANCIAL INTERMEDIARY FEES.
1.8 	A financial intermediary may charge a fee for the assembly, production, and copying 
1.9 	of records requested under chapter 13A, not to exceed the schedule established from time 
1.10 	to time by the Federal Reserve System under Regulation S, Code of Federal Regulations, 
1.11 	title 12, part 219, except that a fee may not be imposed if the records are requested by a 
1.12 	law enforcement agency or prosecuting authority. This section does not apply to requests 
1.13 	made under section  609.535. For purposes of this section, "financial intermediary" has the 
1.14 	meaning given in section  48.512, subdivision 1. 

1.15 	Sec. 2. Minnesota Statutes 2004, section 169A.63, subdivision 11, is amended to read:
1.16 		Subd. 11.Sale of forfeited vehicle by secured party. (a) A financial institution 
1.17 	with a valid security interest in or a valid lease covering a forfeited vehicle may choose to 
1.18 	dispose of the vehicle under this subdivision, in lieu of the appropriate agency disposing 
1.19 	of the vehicle under subdivision 9. A financial institution wishing to dispose of a vehicle 
1.20 	under this subdivision shall notify the appropriate agency of its intent, in writing, within 
1.21 	30 days after receiving notice of the seizure and forfeiture. The appropriate agency shall 
1.22 	release the vehicle to the financial institution or its agent after the financial institution 
1.23 	presents proof of its valid security agreement or of its lease agreement and the financial 
2.1 	institution agrees not to sell the vehicle to a member of the violator's household, unless 
2.2 	the violator is not convicted of the offense on which the forfeiture is based. The financial 
2.3 	institution shall dispose of the vehicle in a commercially reasonable manner as defined in 
2.4 	section  336.9-610. 
2.5 	(b) After disposing of the forfeited vehicle, the financial institution shall reimburse 
2.6 	the appropriate agency for its seizure, storage, and forfeiture costs. The financial 
2.7 	institution may then apply the proceeds of the sale to its storage costs, to its sale expenses, 
2.8 	and to satisfy the lien or the lease on the vehicle. If any proceeds remain, the financial 
2.9 	institution shall reimburse the appropriate agency for the agency's seizure, storage, and 
2.10 	forfeiture costs and then forward theany remaining proceeds to the state treasury, which 
2.11 	shall credit the appropriate fund as specified in subdivision 9.

2.12 	Sec. 3. Minnesota Statutes 2004, section 609.535, subdivision 6, is amended to read:
2.13 		Subd. 6.Release of account information to law enforcement authorities. A 
2.14 	drawee shall release the information specified below to any state, county, or local law 
2.15 	enforcement or prosecuting authority which certifies in writing that it is investigating 
2.16 	or prosecuting a complaint against the drawer under this section or section  609.52, 
2.17 	subdivision 2, clause (3)(a), and that 15 days have elapsed since the mailing of the notice 
2.18 	of dishonor required by subdivisions 3 and 8. This subdivision applies to the following 
2.19 	information relating to the drawer's account: 
2.20 	(1) documents relating to the opening of the account by the drawer and to the closing 
2.21 	of the account;
2.22 	(2) notices regarding nonsufficient funds, overdrafts, and the dishonor of any check 
2.23 	drawn on the account within a period of six months of the date of request;
2.24 	(3) periodic statements mailed to the drawer by the drawee for the periods 
2.25 	immediately prior to, during, and subsequent to the issuance of any check which is the 
2.26 	subject of the investigation or prosecution; or
2.27 	(4) the last known home and business addresses and telephone numbers of the 
2.28 	drawer.
2.29 	The drawee shall release all of the information described in clauses (1) to (4) that it 
2.30 	possesses within ten days after receipt of a request conforming to all of the provisions 
2.31 	of this subdivision. The drawee may not impose a fee for furnishing this information to 
2.32 	law enforcement or prosecuting authorities.
2.33 	A drawee is not liable in a criminal or civil proceeding for releasing information in 
2.34 	accordance with this subdivision.