HF 469

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to commerce; prohibiting certain marketing 
  1.3             practices related to credit cards marketed to certain 
  1.4             students; providing penalties and remedies; proposing 
  1.5             coding for new law in Minnesota Statutes, chapter 135A.
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [135A.145] [SALE OF STUDENT INFORMATION; 
  1.8   MARKETING CREDIT CARDS TO STUDENTS.] 
  1.9      Subdivision 1.  [PROHIBITED PRACTICES.] No public or 
  1.10  private postsecondary educational institution in this state, 
  1.11  including its agents, employees, student or alumni 
  1.12  organizations, or affiliates, may: 
  1.13     (1) sell, give, or otherwise transfer to any card issuer 
  1.14  the names, addresses, telephone numbers, or other contact 
  1.15  information of the students at the postsecondary educational 
  1.16  institution without the student's consent; or 
  1.17     (2) enter into any agreement to market credit cards to 
  1.18  students at a postsecondary educational institution. 
  1.19     For purposes of this section, the terms "credit," "credit 
  1.20  card," and "card issuer" have the meanings given them in the 
  1.21  Truth in Lending Act, United States Code, title 15, section 1602.
  1.22     Subd. 2.  [VIOLATIONS.] The attorney general may seek the 
  1.23  penalties and remedies available under section 8.31 against any 
  1.24  person who violates this section.