Minnesota SF4365 amends consumer protection laws, prohibiting virtual-currency kiosks and enhancing student loan protections.

Minnesota SF4365 modifies consumer protection laws by prohibiting virtual-currency kiosks starting January 1, 2027. It also introduces protections for student loan borrowers, including requirements for student loan servicers to maintain records and provide annual reports to the commissioner. The bill mandates that servicers comply with federal laws and regulations, including the Real Estate Settlement Procedures Act. It establishes standards for mortgage loan servicing, requiring servicers to notify borrowers of available loss mitigation options and maintain records of borrower complaints.

Minnesota SF4365 amends consumer protection laws, prohibiting virtual-currency kiosks and enhancing student loan protections.

Minnesota SF4365 modifies consumer protection laws by prohibiting virtual-currency kiosks starting January 1, 2027. It also introduces protections for student loan borrowers, including requirements for student loan servicers to maintain records and provide annual reports to the commissioner. The bill mandates that servicers comply with federal laws and regulations, including the Real Estate Settlement Procedures Act. It establishes standards for mortgage loan servicing, requiring servicers to notify borrowers of available loss mitigation options and maintain records of borrower complaints.