Minnesota SF4164 modifies various provisions governing nondepository financial institutions, including licensing requirements and definitions.

Minnesota SF4164 amends several sections of the Minnesota Statutes to modify provisions governing nondepository financial institutions. It updates definitions related to financial institutions, consumer loans, and credit sales. The bill also revises licensing requirements for entities engaged in virtual currency business activities, including record-keeping and reporting obligations. Additionally, it repeals certain sections related to annual license fees and registration for lenders.

Minnesota SF4164 modifies various provisions governing nondepository financial institutions, including licensing requirements and definitions.

Minnesota SF4164 amends several sections of the Minnesota Statutes to modify provisions governing nondepository financial institutions. It updates definitions related to financial institutions, consumer loans, and credit sales. The bill also revises licensing requirements for entities engaged in virtual currency business activities, including record-keeping and reporting obligations. Additionally, it repeals certain sections related to annual license fees and registration for lenders.