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Capital IconMinnesota Legislature

Legislative Session number- 86

Bill Name: SF0806

2E Providing regulation for consumer short-term (pay day) loan lending,
specifying prohibited practices, requiring short term lenders to file annual
reports with commissioner of commerce, specifying jurisdiction and penalties for
violation, authorizing private right of action, requiring attorney general
enforcement, specifying cumulative remedies; including short term loan report
information in annual lender filing; requiring applicable industrial loan and
thrift companies to issue reports relating to short term loan lending
(ra)