{"data":{"id":"us-mn/minn.-stat.-325e.63","jurisdiction":"us-mn","citation":"Minn. Stat. § 325E.63","heading":"CREDIT ISSUED TO MINORS.","body":"Subdivision 1. Definitions.\n(a) For purposes of this section, the terms defined in this subdivision have the meanings given them.\n(b) \"Credit\" means the right granted to a borrower to defer payment of a debt, to incur debt and defer its payment, or to purchase property or services and defer payment. Credit does not include an overdraft from a person's deposit account, whether through a check, ATM withdrawal, debit card, or otherwise, that is not pursuant to a written agreement to pay overdrafts with the right to defer payment of them.\n(c) \"Creditor\" means a person or entity doing business in this state.\n(d) \"Guardian\" means a guardian as defined under section 524.5-102, subdivision 5.\n(e) \"Minor\" means an individual under the age of 18 years.\n(f) \"Parent\" means a person who has legal and physical custody of a child.\nSubd. 2. Prohibition on offering credit to minors.\nNo creditor shall knowingly offer or provide credit to a minor except at the request of the parent or guardian of the minor, until the minor reaches the age of 18 years.","path":["TRADE REGULATIONS, CONSUMER PROTECTION","CHAPTER 325E. TRADE PRACTICES","CREDIT ISSUED TO MINORS"],"source_url":"https://www.revisor.mn.gov/statutes/cite/325E.63","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:42Z","sha256":"5c30c79a77d41f3837b67ebb25078080c266293e779b0a6d54a6ebdb434c87e8","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-325e.61","next":"us-mn/minn.-stat.-325e.64"},"notice":"GroundRules: Original legal text. Not legal advice."}