Subd. 1. No waiver.

The provisions of sections 549.30 to 549.34 may not be waived.

Subd. 2. No penalty.

No payee who proposes to make a transfer of structured settlement payment rights shall incur a penalty, forfeit an application fee or other payment, or otherwise incur any liability to the proposed transferee based on the failure of the transfer to satisfy the conditions of section 549.31.