Terms Used In Minnesota Statutes 135A.145

  • Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC

Subdivision 1.Prohibited practices.

No public or private postsecondary educational institution, including its agents, employees, student or alumni organizations, or affiliates, may:

(1) sell, give, or otherwise transfer to any card issuer the name, address, telephone number, or other contact information of an undergraduate student at the postsecondary educational institution without the student’s consent; or

(2) enter into any agreement to market credit cards to undergraduate students at a postsecondary educational institution.

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, § 1602.

Subd. 2.Violations.

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