Eliminates obsolete dates for lenders in Minnesota by updating registration requirements.

This bill amends Minnesota Statutes to eliminate obsolete dates for lenders by updating registration requirements. It mandates that lenders must register with the commissioner before providing services in Minnesota, starting January 1, 2025. The registration process includes procedures and fees, which may involve the Nationwide Multistate Licensing System and Registry. The commissioner can adopt and enforce these registration procedures.

Eliminates obsolete dates for lenders in Minnesota by updating registration requirements.

This bill amends Minnesota Statutes to eliminate obsolete dates for lenders by updating registration requirements. It mandates that lenders must register with the commissioner before providing services in Minnesota, starting January 1, 2025. The registration process includes procedures and fees, which may involve the Nationwide Multistate Licensing System and Registry. The commissioner can adopt and enforce these registration procedures.