MONEY TRANSMITTERS

Applications for licenses

Corporate applicants, good standing requirement, Minn. Laws 2023 c 57 art 3 s 25

Fees, Minn. Laws 2023 c 57 art 3 s 25

Requirements, Minn. Laws 2023 c 57 art 3 s 25

Surety bonds, Minn. Laws 2023 c 57 art 3 s 47

Audits and examinations

Commerce Department, powers, Minn. Laws 2023 c 57 art 3 s 20, 21

Noncompliance, license suspension or revocation, Minn. Laws 2023 c 57 art 3 s 50

Authorized delegates

Conduct, Minn. Laws 2023 c 57 art 3 s 51

Contracts, Minn. Laws 2023 c 57 art 3 s 38, 55

License applications, Minn. Laws 2023 c 57 art 3 s 25

Prohibited authorized delegates, Minn. Laws 2023 c 57 art 3 s 40

Reporting, Minn. Laws 2023 c 57 art 3 s 34

Suspension or revocation of designation, Minn. Laws 2023 c 57 art 3 s 51

Bankruptcy

Extraordinary reporting requirements, Minn. Laws 2023 c 57 art 3 s 35

License suspension or revocation, Minn. Laws 2023 c 57 art 3 s 35

Commerce Department, duties, Minn. Laws 2023 c 57 art 3 s 24, 52

Consumer fraud warnings, Minn. Laws 2012 c 234 s 1, 2

Contested cases, license denial hearings, Minn. Laws 2023 c 57 art 3 s 27

Contracts and agreements, authorized delegates, Minn. Laws 2023 c 57 art 3 s 38

Control

Changes in, Minn. Laws 2023 c 57 art 3 s 26, 30, 31

Definitions, Minn. Laws 2023 c 57 art 3 s 15

Information requirements, individuals with or seeking control, Minn. Laws 2023 c 57 art 3 s 26, 31

Customers, voluntary self-disqualifications, Minn. Laws 2012 c 234 s 2

Data, confidentiality, Minn. Laws 2023 c 57 art 3 s 19

Debts, inability to pay, licenses, effect on, Minn. Laws 2023 c 57 art 3 s 50

Definitions, Minn. Laws 2023 c 57 art 3 s 15, 56

Deposits in lieu of security devices, license applications, Minn. Laws 2023 c 57 art 3 s 47

Federal law, compliance, Minn. Laws 2023 c 57 art 3 s 22

Fees

License applications, Minn. Laws 2023 c 57 art 3 s 25

License renewals, Minn. Laws 2023 c 57 art 3 s 28

Felony indictments or convictions, extraordinary reporting requirements, Minn. Laws 2023 c 57 art 3 s 35

Financial statements

License applications, Minn. Laws 2023 c 57 art 3 s 46

Licensees, annual reports, Minn. Laws 2023 c 57 art 3 s 33

Records and record keeping, Minn. Laws 2023 c 57 art 3 s 37

Forms, consumer fraud warnings, Minn. Laws 2013 c 103 s

Insolvency, license suspension or revocation, Minn. Laws 2023 c 57 art 3 s 50

Investigations

Commerce Department, powers, Minn. Laws 2023 c 57 art 3 s 20, 21, 52

License issuance, procedures, Minn. Laws 2023 c 57 art 3 s 27

Lawsuits, license applications, Minn. Laws 2023 c 57 art 3 s 25

Letters of credit, license applications, Minn. Laws 2023 c 57 art 3 s 47

Liability, licensees, Minn. Laws 2023 c 57 art 3 s 39

Licensees

Annual report, Minn. Laws 2023 c 57 art 3 s 28

Authorized delegates

Duties regarding, Minn. Laws 2023 c 57 art 3 s 38

Relationship to, Minn. Laws 2023 c 57 art 3 s 38

Reporting, Minn. Laws 2023 c 57 art 3 s 34

Changes in control, Minn. Laws 2023 c 57 art 3 s 26, 30, 31

Condition report, Minn. Laws 2023 c 57 art 3 s 32

Event reporting, Minn. Laws 2023 c 57 art 3 s 35

Liability for money transmissions, Minn. Laws 2023 c 57 art 3 s 39

Permissible investments, Minn. Laws 2023 c 57 art 3 s 32, 48, 49

Transition period, Minn. Laws 2023 c 57 art 3 s 55

Licenses

Consistent state licensing, Minn. Laws 2023 c 57 art 3 s 24

Denial hearings, Minn. Laws 2023 c 57 art 3 s 27

Exemptions, Minn. Laws 2023 c 57 art 3 s 16, 17

Issuance, procedures, Minn. Laws 2023 c 57 art 3 s 27

Notices, Minn. Laws 2023 c 57 art 3 s 44

Renewal fees, Minn. Laws 2023 c 57 art 3 s 28

Requirement, Minn. Laws 2023 c 57 art 3 s 23

Suspension or revocation, Minn. Laws 2023 c 57 art 3 s 29, 35, 50

Location of receipt of transmission

Attempted receipt at unexpected location, Minn. Laws 2013 c 50 s 5

Countries associated with high incidence of schemes to defraud, Minn. Laws 2013 c 50 s 4

Verification of name and location of receipt, Minn. Laws 2013 c 50 s 6

Minnesota Money Transmitters Act, repealed, Minn. Laws 2023 c 57 art 3 s 76

Money transmission, Minn. Laws 2023 c 57 art 3 s 41

Net worth

Inadequacy, license suspension or revocation, Minn. Laws 2023 c 57 art 3 s 35

License qualifications, Minn. Laws 2023 c 57 art 3 s 46

Virtual currency, inclusion in net worth, Minn. Laws 2023 c 57 art 3 s 61

No transmit list, delayed effective date, Minn. Laws 2014 c 198 art 1 s 10

No transmit list, repeal, Minn. Laws 2020 c 80 art 1 s 29

No transmit list, revisor's correction, Minn. Laws 2022 c 55 art 1 s 187

No transmit list, Minn. Laws 2013 c 50 s 1-3

Payment instruments, samples, license applications, Minn. Laws 2023 c 57 art 3 s 25

Payroll processing services, disclosures, Minn. Laws 2023 c 57 art 3 s 45

Permissible investments

Aggregate market value, Minn. Laws 2023 c 57 art 3 s 48

Annual reports, Minn. Laws 2023 c 57 art 3 s 32

Generally, Minn. Laws 2023 c 57 art 3 s 49

Holding in trust, Minn. Laws 2023 c 57 art 3 s 48

Letters of credit, requirements, Minn. Laws 2023 c 57 art 3 s 49

Prohibited practices, Minn. Laws 2023 c 57 art 3 s 53

Prohibited practices, Minn. Laws 2020 c 107 s 1

Receipts, Minn. Laws 2023 c 57 art 3 s 43

Records and fees, Minn. Laws 2020 c 80 art 1 s 5

Records and record keeping, Minn. Laws 2023 c 57 art 3 s 37, 61

Refunds, Minn. Laws 2023 c 57 art 3 s 42

Reorganization, extraordinary reporting requirements, Minn. Laws 2023 c 57 art 3 s 35

Reports given

Annual reports, Minn. Laws 2023 c 57 art 3 s 28, 32-34

Bank Secrecy Act reports, Minn. Laws 2023 c 57 art 3 s 36

Extraordinary reporting requirements, Minn. Laws 2023 c 57 art 3 s 35

Severability of law, Minn. Laws 2023 c 57 art 3 s 54

Subpoenas, Commerce Department, powers, Minn. Laws 2023 c 57 art 3 s 52

Surety bonds, license applications, Minn. Laws 2023 c 57 art 3 s 47

Suspicious activity, reports about, Minn. Laws 2013 c 50 s 3

Transition period, Minn. Laws 2023 c 57 art 3 s 55

Violations and penalties, Minn. Laws 2023 c 57 art 3 s 53

Virtual currency

Business activities, Minn. Laws 2023 c 57 art 3 s 58, 61

Definitions, Minn. Laws 2023 c 57 art 3 s 56

Disclosures required, Minn. Laws 2023 c 57 art 3 s 59

Property interests and entitlements, Minn. Laws 2023 c 57 art 3 s 60

Records and record keeping, Minn. Laws 2023 c 57 art 3 s 61

Scope of law, Minn. Laws 2023 c 57 art 3 s 57

Waivers, license applications, Minn. Laws 2023 c 57 art 3 s 25