Minn. Stat. § 80G.06
Current through Register Vol. 49, No. 8, August 19, 2024
| Transaction Amount in Preceding 12-month Period | Surety Bond Required |
| $25,000 to $200,000 | $25,000 |
| $200,000.01 to $500,000 | $50,000 |
| $500,000.01 to $1,000,000 | $100,000 |
| $1,000,000.01 to $2,000,000 | $150,000 |
| Over $2,000,000 | $200,000 |
A consumer involved in a Minnesota transaction who is injured in money or property by a dealer's or dealer representative's failure to comply with this chapter may file a claim with the surety and if the claim is not paid, is authorized to bring an action based on the bond and recover against the surety. The commissioner or attorney general may also file a claim and bring an action on the bond and recover against the surety on behalf of a consumer so injured.
Minn. Stat. § 80G.06
2013 c 120 s 6; 2016 c 134 s 6