Seized property monthly payments paused by lenders requirement provision and seized property monthly payment failure reporting by lenders prohibition provision

This Minnesota bill (SF 1797) requires lenders to pause monthly payments for victims whose cell phones, vehicles, or other property associated with a bill is seized as evidence in a crime. Victims must provide law enforcement documentation verifying the seizure, and lenders cannot resume payments until the property is returned. The bill also prohibits lenders from reporting payment failures to credit agencies during the seizure period. This directly affects lenders and individuals whose property is held by law enforcement as evidence.