Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

Office of the Revisor of Statutes

48.194 Installment sales contracts; loans.

A person may enter into a credit sale or service contract for sale to a state or national bank doing business in this state, and a bank may purchase and enforce the contract under the terms and conditions set forth in section 47.59, subdivisions 2 and 4 to 14. A state bank or national bank may extend credit pursuant to the terms and conditions set forth in sections 47.59 and 47.60.

HIST: 1988 c 666 s 1; 1993 c 257 s 17; 1995 c 202 art 3 s 3; 1996 c 414 art 1 s 15

* NOTE: The amendment to this section by Laws 1996, chapter *414, article 1, section 15, is effective July 1, 1998. Laws *1996, chapter 414, article 1, section 45.

Official Publication of the State of Minnesota
Revisor of Statutes