1.1 	A bill for an act
1.2 	relating to motor vehicles; requiring certain additional disclosures for motor vehicle 
1.3 	retail installment contracts;amending Minnesota Statutes 2020, sections 53C.01, 
1.4 	subdivision 12c, by adding a subdivision; 53C.08, subdivision 1a.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2020, section 53C.01, is amended by adding a subdivision 
1.7 	to read:
1.8 		Subd. 4a.Global positioning system starter interrupt device. "Global positioning 
1.9 	system starter interrupt device" or "GPS starter interrupt device" means a device installed 
1.10 	on a motor vehicle that enables an individual who is not in possession of the motor vehicle 
1.11 	to remotely disable the motor vehicle's ignition. GPS starter interrupt device includes a 
1.12 	device commonly referred to as a fuel or ignition kill switch.

1.13 	Sec. 2. Minnesota Statutes 2020, section 53C.01, subdivision 12c, is amended to read:
1.14 		Subd. 12c.Theft deterrent device. "Theft deterrent device" means the following devices:
1.15 	(1) a vehicle alarm system;
1.16 	(2) a window etch product;
1.17 	(3) a body part marking product;
1.18 	(4) a steering lock; or
1.19 	(5) a pedal or ignition lock; or.
1.20 	(6) a fuel or ignition kill switch.

2.1 	Sec. 3. Minnesota Statutes 2020, section 53C.08, subdivision 1a, is amended to read:
2.2 		Subd. 1a.Disclosures required. Prior to the execution of a retail installment contract, 
2.3 	the seller shall provide to a buyer, and obtain the buyer's signature on, a written disclosure 
2.4 	that sets forth the following information:
2.5 	(1) a description and the total price of all items sold in the following categories if the 
2.6 	contract includes a charge for the item:
2.7 	(i) a service contract;
2.8 	(ii) an insurance product;
2.9 	(iii) a debt cancellation agreement;
2.10 	(iv) a theft deterrent device; or
2.11 	(v) a surface protection product;
2.12 	(2) whether a GPS starter interrupt device is installed on the motor vehicle, regardless 
2.13 	of whether the contract includes a charge for the GPS starter interrupt device;
2.14 	(2) (3) the amount that would be calculated under the contract as the regular installment 
2.15 	payment if charges for the items referenced under clause (1) are not included in the contract;
2.16 	(3) (4) the amount that would be calculated under the contract as the regular installment 
2.17 	payment if charges for the items referenced under clause (1) are included in the contract; 
2.18 	and
2.19 	(4) (5) the disclosures required under this subdivision must be in at least ten-point type 
2.20 	and must be contained in a single document that is separate from the retail installment 
2.21 	contract and any other vehicle purchase documents.

2.22 	Sec. 4. EFFECTIVE DATE; APPLICATION.
 2.23 	Sections 1 to 3 are effective August 1, 2022, and apply to motor vehicle retail installment 
2.24 	contracts executed on or after that date.