Minnesota Prepares for Major Legal Changes: New Laws on Student Loans, Employment Testing, and Election Policies Set to Take Effect August 1
Minneapolis, MN — A slew of new regulations, ranging from augmented student loan protections to refined election laws, will become effective in Minnesota this Tuesday, ushering in broad changes across various sectors that could impact residents statewide. Among the key provisions are enhanced disclosure requirements for student loan servicers, restrictions on marketing vapor products to minors, and increased penalties for straw purchases of firearms. One notable law aims to foster transparency in student lending. Loan servicers will now be required to provide detailed disclosures to borrowers enrolled in income-driven repayment plans, a move that advocates … Read more