Plain English Breakdown
The plain English breakdown is still being put together. The official documents below are already here.
SF695 • 2026
Minnesota sellers acceptance of United States currency requirement
Minnesota sellers acceptance of United States currency requirement
Passed Legislature
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Bill History
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2025-01-27
House
Introduction and first reading
Official Summary Text
Minnesota sellers acceptance of United States currency requirement
Current Bill Text
Read the full stored bill text
A bill for an act relating to commerce; requiring sellers to accept United States currency for purchases; proposing coding for new law in Minnesota Statutes, chapter 325F. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. new text begin [325F.805] RETAIL SALES; UNITED STATES CURRENCY. new text end new text begin Subdivision 1. new text end new text begin Definitions. new text end new text begin For purposes of this section, the terms defined in section 325F.80, subdivision 1, apply. new text end new text begin Subd. 2. new text end new text begin Retailers; United States currency acceptance. new text end new text begin (a) Except as provided in subdivision 3, a seller offering goods or services for sale in Minnesota must accept United States currency, including Federal Reserve notes, from a consumer to purchase the goods or services. new text end new text begin Subd. 3. new text end new text begin Application; exceptions. new text end new text begin (a) This section applies to a seller only if the seller accepts payment in person for the goods and services being offered for sale. new text end new text begin (b) A seller with more than one point of sale at a single address or location complies with this section if the seller accepts United States currency, including Federal Reserve notes, at no less than one point of sale at the address or location. new text end new text begin (c) This section does not apply to a retail transaction in which the seller requires the consumer to provide: (1) a security deposit placed on a credit card; or (2) a credit card number to cover unforeseen damages or expenses. new text end new text begin (d) This section does not apply to a seller that uses a device to convert a consumer's cash into a prepaid card that allows the consumer to complete a transaction with the seller if: new text end new text begin (1) the transaction does not include a fee; new text end new text begin (2) the transaction does not require a minimum deposit greater than $1; new text end new text begin (3) upon request, the consumer is provided with a receipt that indicates the amount of cash the consumer deposited on the prepaid card; new text end new text begin (4) the money on the prepaid card is not subject to an expiration date; and new text end new text begin (5) the seller or prepaid card issuer does not limit the number of transactions that may be completed using the prepaid card. new text end new text begin (e) This section does not apply to a banking institution, as defined under section 48.01, subdivision 2, or a credit union, as defined under section 52.001, subdivision 4. new text end new text begin Subd. 4. new text end new text begin Penalty. new text end new text begin A seller that fails to accept United States currency, including Federal Reserve notes, from a consumer violates this section and is subject to a civil penalty of no more than $250 per transaction or attempted transaction. new text end new text begin EFFECTIVE DATE. new text end new text begin This section is effective January 1, 2026, and applies to sales and transactions occurring on or after that date. new text end