SF 2439

1st Engrossment - 86th Legislature (2009 - 2010)

Posted on 03/04/2010 02:56 p.m.

A bill for an act
relating to commerce; prohibiting the use of live check solicitations; proposing
coding for new law in Minnesota Statutes, chapter 325F.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin [325F.697] LIVE CHECK SOLICITATION PROHIBITED.
new text end

new text begin Subdivision 1. new text end

new text begin Definitions. new text end

new text begin For purposes of this section, "live check" means a
negotiable check, money order, draft, or other instrument, the presentment or negotiation
of which may obligate a consumer to pay for a good or service. For the purposes of
this section, "live check" does not include a live check issued by a lender or financial
institution, as defined in section 47.605, subdivision 1.
new text end

new text begin Subd. 2. new text end

new text begin Live check solicitation deemed deceptive sales practice. new text end

new text begin It is a deceptive
practice under section 325F.69 to solicit a Minnesota resident for the sale of a good or
service by providing a live check payable to the addressee, the presentment or negotiation
of which obligates the addressee to purchase a good or service.
new text end