2026 Minnesota Statutes
59E.02 DEFINITIONS.
(a) For purposes of this chapter, the following terms have the meanings given.
(b) "Commissioner" means the commissioner of commerce.
(c) "Person" means an individual or an entity, excluding a state or local governmental entity.
(d) "Platform contract holder" means a platform user who is the beneficiary or holder of a rental home marketplace guarantee.
(e) "Provider" means:
(1) a rental home marketplace; or
(2) a rental home marketplace affiliate or representative who issues or offers as well as administers, either directly or through a third party, a rental home marketplace guarantee.
(f) "Reimbursement insurance policy" means an insurance policy issued to a provider, pursuant to which the insurer agrees, for the benefit of a platform contract holder, to discharge the provider's obligations and liabilities under the terms of the rental home marketplace guarantee in the event of the provider's default or nonperformance under the rental home marketplace guarantee.
(g) "Rental home marketplace" means a person that:
(1) provides an online application, software, website, system, or other medium that:
(i) is used to advertise or offer available property to the public; and
(ii) connects and enables platform users' property;
(2) provides, directly or indirectly, or maintains an online platform by:
(i) transmitting or otherwise communicating the offer or acceptance of a transaction between two platform users; or
(ii) owning or operating the electronic infrastructure or technology that connects two or more platform users; and
(3) if the person offers rental home marketplace guarantees, offers rental home marketplace guarantees only in a manner that is ancillary to the conduct of the person's primary legitimate business or activity.
(h) "Rental home marketplace guarantee" means a contract or agreement issued in connection with a rental home marketplace, whether or not the contract or agreement includes a separate consideration, to reimburse a user sharing property for damages the renter is responsible for under the rental home marketplace's terms of service, with or without additional provision for incidental payment of indemnity.
History:
Official Publication of the State of Minnesota
Revisor of Statutes