1999 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 325E Regulation of Trade Practices
Section 325E.02 Customer deposits.
325E.02 Customer deposits.
Any customer deposit required before commencement of service by a privately or publicly owned water, gas, telephone, cable television, electric light, heat, or power company shall be subject to the following:
(a) Upon termination of service with all bills paid, the deposit shall be returned to the customer within 45 days, less any deductions made in accordance with paragraph (c).
(b) Interest shall be paid on deposits in excess of $20 at the rate of not less than three percent per year. The company may, at its option, pay the interest at intervals it chooses but at least annually, by direct payment, or as a credit on bills.
(c) At the time the deposit is made the company shall furnish the customer with a written receipt specifying the conditions, if any, the deposit will be diminished upon return.
(d) Advance payments or prepayments shall not be construed as being a deposit.
HIST: 1974 c 424 s 1; 1997 c 121 s 1
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