If a financial transaction card issuer has determined in the normal course of business that it will issue a card to a married woman, the card shall be issued bearing either her current or former surname, as the woman may direct. Financial transaction card issuers may require that a married woman requesting a card in a former surname open a new account in that name. Refusal to issue a financial transaction card pursuant to this section constitutes an unfair discriminatory practice under section 363A.

This legal document, under the Minnesota Statutes, governs the equal treatment of spouses in consumer credit evaluations. It requires creditors to consider the credit history of accounts used or contractually liable by both the applicant and their spouse. The creditor must also consider any information presented by the applicant that indicates the credit history being considered does not accurately reflect their creditworthiness. Additionally, upon request, the creditor must consider the credit history of accounts reported in the name of the applicant’s spouse or former spouse that accurately reflects the applicant’s creditworthiness.

This legal document governs the imposition of surcharges on credit card transactions. Sellers of goods or services are allowed to impose a surcharge on purchasers who choose to use a credit card instead of cash, check, or similar means. The surcharge must be communicated to the purchaser orally at the time of sale and through a conspicuously posted sign. The surcharge cannot exceed five percent of the purchase price. However, sellers who establish and are responsible for their own customer credit card are prohibited from imposing a surcharge.

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.

Sections 325G.40 to 325G.47 may be cited as the ‘Credit Card Disclosure Act.’ History: 1987 c 256 s 1

Subdivision 1. Generally. Except as otherwise provided, the terms used in sections 325G.40 to 325G.47 have the meanings prescribed in Code of Federal Regulations, title 12, part 226. Except as otherwise provided, the computations required under sections 325G.40 to 325G.47 shall be made as provided in Code of Federal Regulations, title 12, part 226. Subd. 2. Credit card application. ‘Credit card application’ means any written form, document, or material distributed by or on behalf of a creditor and designed to be used by a consumer to request or accept the issuance of a credit card.

This legal document, governed by the Minnesota Statutes, pertains to credit card disclosures in the state of Minnesota. It outlines the required disclosures that must be included in credit card applications distributed in the state. These disclosures include the periodic rate or rates applied to the account, membership or participation fees, minimum or fixed charges, other fees such as late payment fees, and the date or occasion when the finance charge begins to accrue.

A person violating section 325G.42 is subject to the penalties provided in section 8.31 . History: 1987 c 256 s 4

A person injured by a violation of section 325G.42 may recover actual damages in an action other than a class action, together with costs and disbursements, including a reasonable attorney’s fee, and receive other equitable relief as determined by the court. History: 1987 c 256 s 5

If a creditor becomes required by federal law to make disclosure of the terms required in section 325G.42 in connection with the distribution of a credit card application, then the creditor is considered to have complied with the requirements of section 325G.42 if the creditor complies with the federal disclosure requirement. History: 1987 c 256 s 6