Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
325G.30 DEFINITIONS.
Subdivision 1. Terms. As used in sections 325G.30 to 325G.36, the terms defined in this
section have the meanings given them.
Subd. 2. Consumer. "Consumer" means any individual who, primarily for personal, family
or household purposes: (1) gives consideration for an interest in any services or personal property,
including money; (2) transfers or authorizes a security interest on any personal property; or (3)
leases residential premises for a term not exceeding three years.
Subd. 3. Consumer contract. "Consumer contract" means any written contract with a
consumer except: (1) a contract where the price, excluding interest or finance charges, is more
than $50,000; (2) a contract through which a consumer mortgages an interest in realty or obtains
money or credit to be used to purchase or refinance an interest in realty; (3) a contract in which
the sale of personal property is merely incidental to the sale of an interest in realty; (4) a written
agreement involving a transaction in securities with a broker-dealer or investment advisor
registered with the Securities and Exchange Commission; or (5) a transaction in commodities with
a futures commission merchant registered with the Commodities Futures Trading Commission.
History: 1981 c 274 s 2; 1983 c 216 art 2 s 7; 1983 c 288 s 4; 1984 c 414 s 1
Subdivision 1. Terms. As used in sections 325G.30 to 325G.36, the terms defined in this
section have the meanings given them.
Subd. 2. Consumer. "Consumer" means any individual who, primarily for personal, family
or household purposes: (1) gives consideration for an interest in any services or personal property,
including money; (2) transfers or authorizes a security interest on any personal property; or (3)
leases residential premises for a term not exceeding three years.
Subd. 3. Consumer contract. "Consumer contract" means any written contract with a
consumer except: (1) a contract where the price, excluding interest or finance charges, is more
than $50,000; (2) a contract through which a consumer mortgages an interest in realty or obtains
money or credit to be used to purchase or refinance an interest in realty; (3) a contract in which
the sale of personal property is merely incidental to the sale of an interest in realty; (4) a written
agreement involving a transaction in securities with a broker-dealer or investment advisor
registered with the Securities and Exchange Commission; or (5) a transaction in commodities with
a futures commission merchant registered with the Commodities Futures Trading Commission.
History: 1981 c 274 s 2; 1983 c 216 art 2 s 7; 1983 c 288 s 4; 1984 c 414 s 1
Official Publication of the State of Minnesota
Revisor of Statutes