Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance
Ask a Question

Can you summarize MNST 325G.47?

CONSUMER PROTECTION; SOLICITATION OF SALES > NOTIFICATION OF ANNUAL FEE.

Short Summary

The customer must be notified of the amount of the annual fee, if any, and the date the fee is payable at least 30 days before the account is charged for the fee, and during that 30-day period the customer may cancel the open-end credit plan without penalty other than payment of any outstanding balance. History: 1987 c 256 s 8

Jurisdiction

Minnesota

Source
MNST 325G.47 [https://reggi.cloud.regology.com/regulations/US-MNST/US-MNST_T_324_C_325G_S_47]