Minnesota has now joined dozens of other states with a new law designed to protect kids from a future of bad credit.
Waseca Rep. John Petersburg says the law to protect the financial future of Minnesota children was long overdue.
He and a colleague crafted the bill last session. Up until now, Minnesota did not have any laws that prevented children under 16 from being victims of identity theft.
The law allows parents or guardians to be able to protect their children's credit history by going to the three credit agencies and having them create the report and then freeze it.
A federal law took effect in the fall, which goes even further to help minors preserve their credit.
There is no annual fee for parents to do this, but it does require a pin or password provided by the credit agencies for the parents to maintain until the child is old enough to start building credit on their own.

--KEYC News 12