§ 325G.62 — Exemption
Plain-Language Summary
The automatic renewal law does not apply to transactions already covered by other specific state or federal laws.
325G.62 EXEMPTION.
Sections 325G.56 to 325G.61 do not apply to:
(1) contracts governed by another state or federal statute or regulation specifically intended to regulate automatic renewal or continuous service;
(2) any licensee as defined in section 60A.985, subdivision 8, and any affiliate of such a licensee as defined in section 60D.15, subdivision 2;
(3) an individual or business licensed by the Department of Labor and Industry as a technology system contractor or power limited technician as defined in section 326B.31;
(4) any service provided by a business or its affiliate where either the business or its affiliate is licensed or regulated by the Public Utilities Commission, the Federal Communications Commission, or the Federal Energy Regulatory Commission; or
(5) any person or entity registered or licensed with the Financial Industry Regulatory Authority, the Securities and Exchange Commission, or under the Minnesota Securities Act.
History:
History: History:
2024 c 114 art 3 s 61