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Can you summarize MNST 325G.052?
CONSUMER PROTECTION; SOLICITATION OF SALES > CREDIT CARD OFFERS AND SOLICITATIONS; ADDRESS VERIFICATIONS.
Short Summary
This legal document, part of the Minnesota Statutes under Trade Regulations and Consumer Protection, pertains to credit card offers and solicitations, as well as address verifications. According to the document, a credit card issuer who receives a completed application for a credit card with a different address than the one listed in the offer or solicitation must verify the change of address before issuing the credit card. If the credit card issuer fails to verify the change of address, the person to whom the offer or solicitation was made is not liable for the unauthorized use of the credit card, unless it can be proven that the person incurred the charge. Additionally, if a credit card issuer receives a request for a change of billing address followed by a request for an additional credit card within ten days, the issuer must verify the change of address before mailing or activating the additional credit card. The document does not specify any exemptions or penalties related to non-compliance or violation of its provisions.
Whom does it apply to?
Credit card issuers and persons to whom an offer or solicitation to receive a credit card is made
What does it govern?
Credit card offers and solicitations; address verifications
What are exemptions?
No exemptions are mentioned
What are the Penalties?
No specific penalties are mentioned
Jurisdiction
Minnesota