Minnesota SF2476 amends various provisions related to the Department of Commerce, including changes to licensing fees, financial institution account.
Minnesota SF2476 modifies several provisions governed or administered by the Department of Commerce. It allows the commissioner to establish an electronic licensing database system for tracking continuing education and other purposes, with a technology surcharge for license fees. It mandates that financial institutions provide 30 days' notice before transferring deposit accounts and closing accounts. It also updates permissible investments for licensees, requiring them to maintain investments with a market value of at least $2 million.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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