Arbitration agreements to be made after a consumer transaction requirement

This bill requires businesses in Minnesota to offer arbitration agreements to consumers only after a purchase or lease is completed, rather than before or during the transaction. It mandates that any such arbitration agreements be written in clear, conspicuous language and kept separate from other general terms of the sale. The law declares any pre-transaction arbitration clauses void and unenforceable, while allowing businesses to negotiate arbitration terms separately after the consumer transaction is finalized. These provisions take effect on August 1, 2026, and apply to agreements made on or after that date.