Eliminates obsolete dates in Minnesota statutes related to lender registration.
The bill amends Minnesota Statutes to eliminate obsolete dates in the registration requirements for lenders. Lenders must register with the commissioner before providing services in Minnesota, with registration expiring on December 31 each year and requiring annual renewal. The commissioner may adopt and enforce registration procedures, including using the Nationwide Multistate Licensing System and Registry, and may charge nonrefundable fees for registration and renewal.
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- Core Provisions
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- Legal Framework
- Critical Issues
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