This bill introduces new regulations regarding arbitration agreements in consumer transactions in Minnesota. It stipulates that such agreements cannot be required before or during the sale of goods or services, but may be entered into afterward, provided they are clear, conspicuous, and separate from other terms of the sale. The bill defines key terms such as "arbitration agreement," "clear and conspicuous," and "consumer," and establishes that any agreement violating these provisions is void and unenforceable.

Additionally, the bill includes a severability clause, ensuring that if any part of an agreement is found to violate the new regulations, that specific provision can be removed without affecting the validity of the remaining parts of the agreement. The effective date for these changes is set for August 1, 2026, applying to agreements executed on or after that date.