reglab/housing_qa huggingface dataset:
MN Stat § 53C.083 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53C — Motor Vehicle Retail Installment Sales|Section 53C.083 — Consumer Report Disclosure.

53C.083 CONSUMER REPORT DISCLOSURE. (a) When a consumer report from a consumer reporting agency has been obtained by a lender or retail seller for use in connection with an application for credit initiated by a buyer for the purchase or lease of a motor vehicle: (1) the lender shall provide to the retail seller, upon written request of the buyer, and unless required by federal law to provide the adverse action notice, prior to the sale or lease of the motor vehicle, the name of each credit reporting agency providing a consumer report that was obtained and used by the lender; (2) the retail seller shall provide, prior to the sale or lease of the motor vehicle the following notice in at least ten-point boldface type on a document separate from the sale or lease contract, which must also include the name, address, and telephone number of four principal consumer reporting agencies: "NOTICE TO MOTOR VEHICLE CREDIT APPLICANT A consumer report from a consumer reporting agency was used in connection with your application to finance the acquisition of a motor vehicle. Consumer reports include data about your credit history and payment patterns. Consumer reports are important because they are used in determining whether to extend credit and may be used to determine the annual percentage rate you may be offered. If you have questions about your consumer report, you are entitled to know the name, address, and telephone number of the consumer reporting agency that provided the consumer report used to evaluate your loan application. You may ask the dealer for this information. You may then contact the consumer reporting agency at the address and telephone number provided. You are entitled under federal law to a free copy annually of your consumer report by calling 1-877-322-8228 or visiting annualcreditreport.com"; and (3) upon written request of the buyer, the retail seller shall obtain from the lender the consumer reporting agency information specified in clause (1) and shall provide that information to the buyer. (b) This section does not require a dealer to provide more than one disclosure for each purchase or lease transaction. For purposes of this section, "consumer report" and "consumer reporting agency" have the meanings given in section 13C.001. History:   2007 c 99 s 5
MN Stat § 53C.10 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53C — Motor Vehicle Retail Installment Sales|Section 53C.10 — Vehicle Installment Contract Prepayment, Refund Credits, Allowance.

53C.10 VEHICLE INSTALLMENT CONTRACT PREPAYMENT, REFUND CREDITS, ALLOWANCE. Subdivision 1. Prepayment in full. (a) Notwithstanding the provisions of any retail installment contract to the contrary, any retail buyer may pay in full at any time before maturity the debt of any retail installment contract without penalty. In paying a precomputed retail installment contract in full, the retail buyer shall receive a refund credit thereon for such anticipation of payments. For contracts with substantially equal scheduled monthly payments remaining after the date of prepayment in full, the refund must be calculated for all fully unexpired monthly payment periods following the date of payment in full. For all other contracts, the refund must be calculated as of the date in the month following prepayment which corresponds to the original contract date. The refund shall be calculated according to the actuarial method, less an acquisition cost of $15 which may be deducted from the refund so calculated. (b) Where the amount of the credit for anticipation of payment is less than $1, no refund need be made. (c) The actuarial method means the method of allocating payments on a contract between the principal amount and finance charge at the contract rate charged under section 53C.09, whereby a payment is applied first to the accumulated finance charge and then to the unpaid principal balance based on the original terms of the contract and based on the assumption that all payments are made on the due date as originally scheduled or deferred. Subd. 2. Partial prepayment; notice. If a payment results in the prepayment of three or more installment payments on a precomputed contract, the retail seller or assignee of the retail seller shall within 15 days of receipt of the prepayment, deliver or mail to the retail buyer a notice in at least eight-point type. The notice must contain the following statement: "You have substantially prepaid the installment payments on your contract and may experience an interest savings over the remaining term only if you refinance the balance within the next 30 days." History:  1957 c 266 s 8; 1987 c 349 art 2 s 13; 1989 c 217 s 21; 1996 c 414 art 1 s 34; 2005 c 19 s 1
MN Stat § 53C.11 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53C — Motor Vehicle Retail Installment Sales|Section 53C.11 — Extension Of Vehicle Installment Contract Schedules, Payments.

53C.11 EXTENSION OF VEHICLE INSTALLMENT CONTRACT SCHEDULES, PAYMENTS. The holder of a precomputed retail installment contract may, upon written agreement with the retail buyer, extend the scheduled due date, or defer the scheduled payment of all or part of any installment payment or payments, or renew the balance of such contract. In any such case the holder may restate the amount of the installments and the time schedule therefor, and collect as a refinance charge for such extension, deferment or renewal, a flat service fee not to exceed $5 and a total additional charge not exceeding the simple interest annual percentage rate under the original retail installment contract calculated on the respective descending balances computed from the date of such extension, deferment or renewal. History:  1957 c 266 s 9; 1976 c 86 s 2; 1987 c 349 art 2 s 14; 2005 c 19 s 1
MN Stat § 53C.12 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53C — Motor Vehicle Retail Installment Sales|Section 53C.12 — Vehicle Sales Finance Company Violations; Remedies.

53C.12 VEHICLE SALES FINANCE COMPANY VIOLATIONS; REMEDIES. Subdivision 1. Criminal violations. Any person engaged in the business of a sales finance company in this state without a license therefor as provided in sections 53C.01 to 53C.14 shall be guilty of a gross misdemeanor and punished by a fine not exceeding $3,000, or by imprisonment for a period not to exceed one year, or by both such fine and imprisonment in the discretion of the court. Subd. 2. Fraudulent violations. In case of a fraudulent violation of any provision of sections 53C.01 to 53C.14, the buyer shall have a right to recover from the person committing such violation, to set off or counterclaim in any action by such person to enforce such contract an amount as liquidated damages, the whole of the contract due and payable, plus reasonable attorneys' fees. Subd. 3. Other violations. In case of a failure to comply with any provision of sections 53C.01 to 53C.14, other than a fraudulent violation, the buyer shall have a right to recover from the person committing such violation, to set off or counterclaim in any action by such person to enforce such contract an amount as liquidated damages equal to three times the amount of any time price differential charged in excess of the amount authorized by sections 53C.01 to 53C.14 or $50, whichever is greater, plus reasonable attorneys' fees. History:  1957 c 266 s 10; 1971 c 398 s 2; 1984 c 628 art 3 s 11; 2003 c 128 art 14 s 4; 2005 c 19 s 1
MN Stat § 53C.13 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53C — Motor Vehicle Retail Installment Sales|Section 53C.13 — Severability Clause.

53C.13 SEVERABILITY CLAUSE. If any provision of sections 53C.01 to 53C.14 or the application thereof to any person or circumstances is held unconstitutional, the remainder of sections 53C.01 to 53C.14 and the application of such provision to other persons or circumstances shall not be affected thereby. History:  1957 c 266 s 11; 2005 c 19 s 1
MN Stat § 53C.14 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53C — Motor Vehicle Retail Installment Sales|Section 53C.14 — Citation Of Act.

53C.14 CITATION OF ACT. Sections 53C.01 to 53C.14 may be cited as the "Motor Vehicle Retail Installment Sales Act." History:  1957 c 266 s 12; 2005 c 19 s 1
MN Stat § 54.26 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 54 — Investment And Loan Companies|Section 54.26 — Supervision By Commissioner.

54.26 SUPERVISION BY COMMISSIONER. Face amount certificate investment companies as defined by the Federal Investment Company Act of 1940, organized and doing business under the laws of this state, or having their principal place of business within this state, and other investment companies having face amount certificates outstanding, which companies are not subject to section 28 of the Investment Company Act of 1940, shall be under the supervision of the commissioner of commerce. History:  (7771) 1909 c 333 s 1; 1911 c 321 s 1; 1937 c 271 s 1; 1939 c 109 s 1; 1943 c 659 s 1; 1975 c 166 s 1; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92
MN Stat § 54.294 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 54 — Investment And Loan Companies|Section 54.294 — Annual Examination; Informational Reports; Cost Of Examination.

54.294 ANNUAL EXAMINATION; INFORMATIONAL REPORTS; COST OF EXAMINATION. Subdivision 1. Documents filed for examination. Notwithstanding the examination frequency prescribed by section 46.04, the examination of the face amount certificate companies described in Minnesota Statutes 1974, section 54.26, shall be carried out on an annual basis by the commissioner. In conducting such examination, the commissioner may utilize reports which have been audited and attested to by independent certified public accountants. The procedures employed by the independent certified public accountants shall conform to generally accepted auditing standards. Each face amount certificate investment company shall file with the commissioner copies of its prospectuses, semiannual and annual reports to shareholders, S-1 registration statements and amendments thereto, and annual reports to the United States Securities and Exchange Commission, all as filed pursuant to the requirements of the Securities Act of 1933, as amended and the rules and regulations adopted pursuant thereto, the Securities Exchange Act of 1934, as amended and the rules and regulations adopted pursuant thereto, and the Investment Company Act of 1940, as amended and the rules and regulations adopted pursuant thereto. The commissioner may accept as filed copies of the foregoing material previously filed with the commissioner of commerce. Other face amount certificate investment companies described in Minnesota Statutes 1974, section 54.26, shall file with the commissioner copies of their semiannual and annual reports, which annual reports have been audited and attested to by independent certified public accountants as to assets maintained on deposit and the value thereof, and semiannual and annual reports, which annual reports have been certified by independent certified public accountants, as to certificate liabilities. Subd. 2. Company to pay expenses. Face amount certificate investment companies subject to the supervision of the commissioner of commerce shall pay to the commissioner of commerce the actual necessary expenses incurred by the commissioner of commerce in the performance of duties and the exercise of powers of examination, including all salaries, wages, and expenses of examiners employed by the commissioner to make examinations provided for by law. In addition, such companies shall be assessed and shall pay examination fees in accordance with the provisions of section 46.131. History:  1975 c 166 s 3; 1980 c 516 s 2; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92; 1986 c 444; 1989 c 166 s 25
MN Stat § 54.295 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 54 — Investment And Loan Companies|Section 54.295 — Declaration Of Credit.

54.295 DECLARATION OF CREDIT. When the amount of any additional or other credit, which under the terms of an outstanding face amount certificate issued by a company described in section 54.26, is payable solely in the discretion of the board of directors of the issuer, is computed on a basis which is reduced because of any loan outstanding from the issuer to the certificate holder during the period for which the credit is declared, the reduction in the amount of the credit paid to the certificate holder shall not constitute interest paid by the borrowing certificate holder or be considered in any way for the purposes of any law pertaining to the declaration or distribution of corporate dividends or prescribing or limiting interest rates upon loans. History:   1975 c 166 s 4
MN Stat § 54.296 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 54 — Investment And Loan Companies|Section 54.296 — Rules.

54.296 RULES. The commissioner may promulgate such rules as are reasonably necessary to carry out and make effective the provisions and purposes of this chapter pursuant to chapter 14. History:  1975 c 166 s 5; 1985 c 248 s 70
MN Stat § 54.297 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 54 — Investment And Loan Companies|Section 54.297 — Application For Receiver.

54.297 APPLICATION FOR RECEIVER. When in the judgment of the commissioner grounds for liquidation as set forth in section 49.04, exist or are about to occur, the commissioner may make application to the district court in which a company defined in section 54.26, is situated for the appointment of a receiver or conservator. History:   1975 c 166 s 6
MN Stat § 55.01 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 55 — Safe Deposit Companies|Section 55.01 — Definitions.

55.01 DEFINITIONS. Subdivision 1. Scope. Unless the language or context clearly indicates that a different meaning is intended, the following words, terms, and phrases shall, for the purposes of the laws of this state, be given the meanings subjoined to them. Subd. 2. Safe deposit box. The words "safe deposit box" mean any box, safe, safe deposit box, receptacle, or any part or parts thereof, and any space in a vault, which may be used for the safekeeping and storage of valuable personal property. Subd. 3. Valuable personal property. The words "valuable personal property" mean jewelry, plate, money, specie, bullion, stocks, bonds, valuable papers, or other personal property of value. Subd. 4. Person. "Person" means an individual, partnership, unincorporated association or a corporation. "It" includes "he," "she," and "they." Subd. 5. Safe deposit company. "Safe deposit company" means any person who lets out or rents, as lessor, for hire, safe deposit boxes, or space therein. History:  (7747-1) 1933 c 340 s 1; 1945 c 114 s 1; 1986 c 444
MN Stat § 55.02 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 55 — Safe Deposit Companies|Section 55.02 — Powers.

55.02 POWERS. Any safe deposit company which complies with the provisions of this chapter shall have power: (1) to let out or rent as lessor, for hire, safe deposit boxes, upon such terms and for such compensation as may be agreed upon by such safe deposit company and the lessee; and (2) to take and receive valuable personal property for safekeeping and storage, as bailee, for hire, upon such terms and for such compensation as may be agreed upon by such safe deposit company and the bailor. No such safe deposit company shall make any loans or advances upon any valuable personal property so left with it for safekeeping and storage. History:  (7747-2) 1933 c 340 s 2; 1945 c 114 s 2
MN Stat § 55.03 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 55 — Safe Deposit Companies|Section 55.03 — License Required.

55.03 LICENSE REQUIRED. Except as in this chapter otherwise provided, no person shall exercise the powers granted safe deposit companies by section 55.02 unless licensed so to do. History:  (7747-3) 1933 c 340 s 3; 1945 c 114 s 3
MN Stat § 55.04 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 55 — Safe Deposit Companies|Section 55.04 — Licenses.

55.04 LICENSES. Subdivision 1. Place of business. The commissioner of commerce may license any person to engage in the business of a safe deposit company and to exercise the powers set forth in section 55.02, which license shall designate the place of business of the safe deposit company, which place of business shall be located upon the premises in which the safe deposit boxes are located. Subd. 2. Application for license. Application for license shall be in writing, under oath, and in the form prescribed by the commissioner of commerce, and contain the name and address, both of the residence and place of business, of the applicant, and if the applicant is a partnership or unincorporated association, of every member thereof, and if a corporation, of each officer and director thereof; also the county and municipality, with street and number, if any, where the business is to be conducted; and further information the commissioner of commerce requires. The applicant at the time of making application shall pay to the commissioner the sum of $250 as a fee for investigating the application, and the additional sum of $150 as an annual license fee for a period terminating on the last day of the current calendar year. Subd. 3. Business at stated place only. It shall be unlawful for any safe deposit company holding such license to engage in this business upon any premises or in any building other than that designated in the license. History:  (7747-4) 1933 c 340 s 4; 1945 c 114 s 4; 1982 c 473 s 22; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92; 1999 c 151 s 31
MN Stat § 55.041 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 55 — Safe Deposit Companies|Section 55.041 — Annual License Fee.

55.041 ANNUAL LICENSE FEE. Every licensee shall, on or before the 20th day of each December, pay to the commissioner the sum of $150 as an annual license fee for the next succeeding calendar year. History:   1982 c 473 s 23
MN Stat § 55.05 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 55 — Safe Deposit Companies|Section 55.05 — Bonds.

55.05 BONDS. Before a license is issued, the applicant shall execute and file with the commissioner of commerce a bond to the state of Minnesota in the penal sum of not less than $5,000 nor more than $1,000,000, as fixed by the commissioner of commerce. The bond must be issued by a corporate surety in good standing authorized to do business in this state and must secure the faithful performance of the safe deposit company's contracts of rental or deposit and protect persons doing business with it from the results of its negligence. The bond must enure to the benefit of any one damaged by a breach of a rental or deposit contract or negligence. Each bond, or a substitute like bond, approved by the commissioner of commerce shall be kept on file and maintained in effect by the safe deposit company so long as that company continues to do business. Failure to maintain the bond shall be grounds for revocation of the safe deposit company's license by the commissioner of commerce. No safe deposit company shall lease a safe deposit box or receive valuable personal property for safekeeping or storage until the bond is on file and in force. History:  (7747-5) 1933 c 340 s 5; 1945 c 114 s 5; 1982 c 473 s 24; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92
MN Stat § 55.06 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 55 — Safe Deposit Companies|Section 55.06 — Business Not To Be Conducted Without License.

55.06 BUSINESS NOT TO BE CONDUCTED WITHOUT LICENSE. Subdivision 1. Prohibition. No person except a bank, a savings bank, a credit union, a savings association, industrial loan and thrift company issuing investment certificates of indebtedness, or a trust company may let out or rent as lessor, for hire, safe deposit boxes or take or receive valuable personal property for safekeeping and storage, as bailee, for hire, without procuring a license and giving a bond, as required by this chapter, except as otherwise authorized by law so to do. Subd. 2. Civil penalty. Every person who shall violate the provisions of subdivision 1 or any other provision of this chapter shall forfeit to the state the sum of not to exceed $100 for each day the violation shall continue, after written notice by the commissioner of commerce to discontinue such violation, to be recovered in a civil action brought by the attorney general in the name of the state at the request of the commissioner of commerce, and may be enjoined by any court having jurisdiction from any further violation, in an equitable action brought by the attorney general in the name of the state for that purpose. History:  (7747-6) 1933 c 340 s 6; 1945 c 114 s 6; 1977 c 84 s 2; 1980 c 524 s 6; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92; 1997 c 157 s 47
MN Stat § 55.07 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 55 — Safe Deposit Companies|Section 55.07 — Deposits, How Kept; Accounts Kept.

55.07 DEPOSITS, HOW KEPT; ACCOUNTS KEPT. Subdivision 1. Vault approved by commissioner. No person shall carry on the business of a safe deposit company as authorized by section 55.02 unless the safe deposit boxes let out or rented by it and the valuable personal property taken and received by it for safekeeping and storage are kept in a fireproof vault approved by the commissioner of commerce. Subd. 2. Accounts. Every licensed safe deposit company shall keep books in which shall be entered an account of all its transactions relative to the letting, renting, or leasing of its safe deposit boxes, and to the receipt of valuable personal property for safekeeping or storage. History:  (7747-7) 1933 c 340 s 7; 1945 c 114 s 7; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92
MN Stat § 55.08 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 55 — Safe Deposit Companies|Section 55.08 — License Posted.

55.08 LICENSE POSTED. Immediately upon the receipt of the license issued by the commissioner of commerce, pursuant to the provisions of this chapter, the licensee named therein shall cause the license to be posted and conspicuously displayed in the place of business for which it is issued, so that all persons visiting the place of business may readily see the same. It shall be unlawful for any safe deposit company holding a license to post the license, or permit the license to be posted, upon premises other than that designated therein, or knowingly deface or destroy any such license. History:  (7747-8) 1933 c 340 s 8; 1945 c 114 s 8; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92