The bill, S.F. No. 1797, introduced in the Minnesota Senate, aims to protect consumers by pausing their financial obligations on seized property. Specifically, it:

1. Requires Lenders to Suspend Payments – If a victim's property (such as a cell phone or vehicle) has been seized as evidence in a crime, the lender must suspend recurring billing upon receiving documentation from law enforcement confirming the seizure.

2. Prohibits Negative Credit Reporting – Lenders or sellers cannot report a victim's failure to make payments on the seized property to a collection agency while the property remains in police custody.

3. Resumption of Payments – Lenders can only resume billing once the seized property has been returned to the victim.

This new regulation would be codified in Minnesota Statutes, Chapter 325G, under the proposed section 325G.221 Victim Payment Suspension.