Allows money transmitters in Minnesota to cancel a money transmission within one hour of its occurrence.
Minnesota HF4375 amends state law to allow money transmitters to cancel a money transmission within one hour of its occurrence, at no cost to the sender. The one-hour period begins when the licensee receives the money for transmission. This change aims to provide more flexibility and protection for senders in potentially fraudulent or illegal situations. The bill takes effect on August 1, 2026.
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