HF 1643

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to commerce; prohibiting certain marketing
practices related to credit cards marketed to certain
students; providing penalties and remedies; proposing
coding for new law in Minnesota Statutes, chapter 135A.

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

Section 1.

new text begin [135A.145] SALE OF STUDENT INFORMATION;
MARKETING CREDIT CARDS TO STUDENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Prohibited practices. new text end

new text begin No public or
private postsecondary educational institution in this state,
including its agents, employees, student or alumni
organizations, or affiliates, may:
new text end

new text begin (1) sell, give, or otherwise transfer to any card issuer
the name, address, telephone number, or other contact
information of a student at the postsecondary educational
institution without the student's consent; or
new text end

new text begin (2) enter into any agreement to market credit cards to
students at a postsecondary educational institution.
new text end

new text begin For purposes of this section, the terms "credit," "credit
card," and "card issuer" have the meanings given them in the
Truth in Lending Act, United States Code, title 15, section 1602.
new text end

new text begin Subd. 2. new text end

new text begin Violations. new text end

new text begin The attorney general may seek the
penalties and remedies available under section 8.31 against any
person who violates this section.
new text end