Minnesota HF3706 modifies provisions governing nondepository financial institutions, including loan definitions and registration requirements.

Minnesota HF3706 amends various sections of the Minnesota Statutes to modify provisions governing nondepository financial institutions. It redefines terms such as "annual percentage rate" and "credit card," and specifies the types of institutions eligible for certain activities. The bill also updates the registration requirements for lenders, including the information that must be submitted with the application. Additionally, it repeals certain sections related to annual license fees and definitions.

Minnesota HF3706 modifies provisions governing nondepository financial institutions, including loan definitions and registration requirements.

Minnesota HF3706 amends various sections of the Minnesota Statutes to modify provisions governing nondepository financial institutions. It redefines terms such as "annual percentage rate" and "credit card," and specifies the types of institutions eligible for certain activities. The bill also updates the registration requirements for lenders, including the information that must be submitted with the application. Additionally, it repeals certain sections related to annual license fees and definitions.