reglab/housing_qa huggingface dataset:
MN Stat § 53B.13 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.13 — Changes In Control Of A Licensee.

53B.13 CHANGES IN CONTROL OF A LICENSEE. Any purchaser of ten percent or more of an ownership interest in a licensee must notify the commissioner at least 30 days in advance of the purchase and submit a completed license application form. The commissioner may revoke the license if the new ownership would have resulted in a denial of the initial license under this chapter. The commissioner may waive this notification requirement if, in the commissioner's discretion, the change in control does not pose any risk to the interests of the public. History:   2001 c 148 s 14
MN Stat § 53B.14 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.14 — Examinations.

53B.14 EXAMINATIONS. The commissioner has under this chapter the same powers with respect to financial examinations that the commissioner has under section 46.04. History:   2001 c 148 s 15
MN Stat § 53B.15 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.15 — Maintenance Of Records.

53B.15 MAINTENANCE OF RECORDS. Subdivision 1. Requirement. Each licensee shall make, keep, and preserve the following books, accounts, and other records for a period of three years: (1) a record or records of each payment instrument sold; (2) a general ledger containing all assets, liability, capital, income, and expense accounts, which must be posted at least monthly; (3) bank statements and bank reconciliation records; (4) records of outstanding payment instruments; (5) records of each payment instrument paid within the three-year period; and (6) a list of the names and addresses of all of the licensee's authorized delegates. Subd. 2. Compliance. (a) Any licensee selling money orders shall maintain a record of the date, amount, serial number, and the location of the sale for each money order sold in this state. (b) Any licensee engaged in the business of receiving money for transmission or transmitting money shall maintain a record of the identity of the remitter, identity of the recipient, amount of the transmission, date of the transaction, date funds were transmitted, and the location from which the funds were remitted for each transaction initiated in this state. (c) Maintenance of the documents required by this section in a photographic, electronic, or other similar form constitutes compliance with this section. Subd. 3. Location. Records may be maintained at a location other than within this state if they are made accessible to the commissioner on seven days' written notice. History:   2001 c 148 s 16
MN Stat § 53B.16 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.16 — Confidentiality Of Data Submitted To The Commissioner.

53B.16 CONFIDENTIALITY OF DATA SUBMITTED TO THE COMMISSIONER. Data or other information obtained by the commissioner under this chapter, whether as a result of the license application or renewal process or examinations, is subject to chapter 13. History:   2001 c 148 s 17
MN Stat § 53B.17 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.17 — Solvency Required.

53B.17 SOLVENCY REQUIRED. If the commissioner determines that a licensee is insolvent, that its capital is impaired, or that its condition is such as to render the continuance of its business hazardous to the public or to those having funds in its custody, the commissioner may apply to the district court for the county in which the main office is located, or for Ramsey County if the licensee does not have a main office in Minnesota, for appointment of a receiver to receive the assets of the licensee for the purpose of liquidating or rehabilitating its business and for such other relief as the interest of the public may require. The reasonable and necessary expenses of the receivership have priority over all other claims on the bond required by this chapter. History:   2001 c 148 s 18
MN Stat § 53B.18 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.18 — Prohibited Practices.

53B.18 PROHIBITED PRACTICES. (a) No licensee shall: (1) fail to comply with chapter 345 as it relates to unclaimed property requirements; (2) refuse to indemnify an instrument holder for any misappropriation of money caused by any of its authorized delegates in conducting activities on behalf of the licensee for whom it acts as an authorized delegate; or (3) fail to comply with section 53B.27. (b) A licensee must transmit all money received for transmission in accordance with the sender's instructions within five business days of the date the licensee receives the money from the sender unless: (1) otherwise ordered by the sender; (2) the licensee or its authorized delegate has a reasonable belief or a reasonable basis to believe that a crime or violation of law, rule, or regulation has occurred, is occurring, or may occur as a result of transmission; or (3) the transmission is payment for goods or services. (c) A licensee must conspicuously state in an agreement with a merchant to transmit money from a sender for goods or services: (1) that the licensee has the authority to place a hold on or delay the transmission of a sender's money for more than five business days; and (2) the general circumstances under which a transmittal may be subject to a hold or delay. (d) A licensee that receives money from a sender for transmission to a merchant to pay for goods or services must transmit the money to the merchant within the time frame agreed upon in the merchant's agreement with the licensee. (e) If a licensee fails to transmit money received for transmission in accordance with this section, the licensee must respond to inquiries by the sender or recipient with the reason for the failure unless the response violates state or federal law. (f) A licensee or its authorized delegate must refund to the customer all money received for transmittal within ten days of receipt of a request for a refund unless any of the following has occurred: (1) the money has been transmitted and delivered to the person designated by the customer prior to receipt of the written request for a refund; (2) instructions have been given committing an equivalent amount of money to the person designated by the customer prior to the receipt of a request for a refund; or (3) the licensee is otherwise barred by law from making a refund. History:  2001 c 148 s 19; 2012 c 234 s 1; 2020 c 107 s 1
MN Stat § 53B.19 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.19 — Suspension Or Revocation Of Licenses.

53B.19 SUSPENSION OR REVOCATION OF LICENSES. After notice and hearing, the commissioner may suspend or revoke a licensee's license if the commissioner finds that: (1) any fact or condition exists that, if it had existed at the time when the licensee applied for its license, would have been grounds for denying the application; (2) the licensee's net worth becomes inadequate and the licensee, after ten days' written notice from the commissioner, fails to take steps the commissioner considers necessary to remedy the deficiency; (3) the licensee violates any material provision of this chapter or any rule or order validly adopted by the commissioner under authority of this chapter; (4) the licensee is conducting its business in an unsafe or unsound manner; (5) the licensee is insolvent; (6) the licensee has suspended payment of its obligations, has made an assignment for the benefit of its creditors, or has admitted in writing its inability to pay its debts as they become due; (7) the licensee has applied for an adjudication of bankruptcy, reorganization, arrangement, or other relief under any bankruptcy; (8) the licensee refuses to permit the commissioner to make any examination authorized by this chapter; or (9) the licensee fails to make any report required by this chapter. History:   2001 c 148 s 20
MN Stat § 53B.20 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.20 — Authorized Delegate Contracts.

53B.20 AUTHORIZED DELEGATE CONTRACTS. Subdivision 1. Contents of contract. Licensees that conduct licensed activities through authorized delegates shall authorize each delegate to operate under an express written contract that, for contracts entered into after August 1, 2001, provide the following: (1) that the licensee appoint the person as its delegate with authority to engage in money transmission on behalf of the licensee; (2) that neither a licensee nor an authorized delegate authorize subdelegates without the written consent of the commissioner; and (3) that licensees are subject to supervision and regulation by the commissioner and that as a part of that supervision and regulation, the commissioner may require the licensee to cancel an authorized delegate contract as a result of a violation of section 53B.21. Subd. 2. Termination of authorized delegate contract. Upon termination of any authorized delegate contract, the licensee must notify the commissioner within a reasonable amount of time of the termination. Subd. 3. Exempt entities. For purposes of this section, "licensee" includes exempt entities. History:   2001 c 148 s 21
MN Stat § 53B.21 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.21 — Authorized Delegate Conduct.

53B.21 AUTHORIZED DELEGATE CONDUCT. (a) An authorized delegate shall not make any fraudulent or false statement or misrepresentation to a licensee or to the commissioner. (b) An authorized delegate shall conduct its money transmission activities in a safe and sound manner. (c) An authorized delegate shall cooperate with an investigation conducted by the commissioner under this chapter by providing any relevant information in its possession that the commissioner cannot reasonably obtain from another source. (d) An authorized delegate is under a duty to act only as authorized under the contract with the licensee and any authorized delegate who exceeds its authority is subject to cancellation of its contract. (e) All funds, less fees, received by an authorized delegate of a licensee from the sale or delivery of a payment instrument issued by a licensee or received by an authorized delegate for transmission, constitute trust funds owned by and belonging to the licensee from the time the funds are received by the authorized delegate until the time when the funds or an equivalent amount are remitted by the authorized delegate to the licensee. If an authorized delegate commingles any funds with other funds or property owned or controlled by the authorized delegate, all commingled proceeds and other property must be impressed with a trust in favor of the licensee in an amount equal to the amount of the proceeds due the licensee. (f) For purposes of this section, "licensee" includes exempt entities. History:   2001 c 148 s 22
MN Stat § 53B.22 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.22 — Licensee Liability.

53B.22 LICENSEE LIABILITY. A licensee's responsibility to any person for a money transmission conducted on that person's behalf by the licensee or the licensee's authorized delegate is limited to the amount of money tendered or the face amount of the payment instrument purchased. History:   2001 c 148 s 23
MN Stat § 53B.23 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.23 — Hearings; Procedures.

53B.23 HEARINGS; PROCEDURES. The provisions of the Minnesota Administrative Procedure Act, chapter 14, apply to any hearing under this chapter. History:   2001 c 148 s 24
MN Stat § 53B.24 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.24 — Enforcement.

53B.24 ENFORCEMENT. Section 45.027 applies to this chapter. History:   2001 c 148 s 25
MN Stat § 53B.25 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.25 — Rule Notices.

53B.25 RULE NOTICES. At the time the commissioner files a notice of proposed adoption, amendment, or repeal of a rule adopted under this chapter, a copy of the notice must be sent by regular United States mail, postage prepaid, to all then-current licensees and applicants for licenses under this chapter. History:   2001 c 148 s 26
MN Stat § 53B.26 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.26 — Appointment Of Commissioner As Agent For Service Of Process.

53B.26 APPOINTMENT OF COMMISSIONER AS AGENT FOR SERVICE OF PROCESS. Subdivision 1. Consent and appointment. Any licensee, authorized delegate, or other person who knowingly engages in business activities that are regulated under this chapter, with or without filing an application, is considered to have done both of the following: (1) consented to the jurisdiction of the courts of this state for all actions arising under this chapter; and (2) appointed the commissioner as the lawful agent for the purpose of accepting service of process in any action, suit, or proceeding that may arise under this chapter. Subd. 2. Service of process. Service of process must be made in accordance with section 45.028, subdivision 2. History:   2001 c 148 s 27
MN Stat § 53B.27 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53B — Money Transmitters|Section 53B.27 — Money Transmitters; Cooperation Required In Combatting Fraud.

53B.27 MONEY TRANSMITTERS; COOPERATION REQUIRED IN COMBATTING FRAUD. Subdivision 1. Fraud prevention measures required. Each money transmitter shall: (1) provide a clear, concise, and conspicuous consumer fraud warning on all transmittal forms used by consumers to send money to an individual; (2) provide consumer fraud prevention training for agents involved with transmittals; (3) monitor agent activity relating to consumer transmittals; and (4) establish a toll-free number for consumers to call to report fraud or suspected fraud. Subd. 2. Voluntary disqualification by customer. A money transmitter that originates money transfers in this state must allow an individual to voluntarily disqualify the individual from sending or receiving money transfers. The disqualification lasts for one year, unless the individual requests that it be in effect for a period longer than one year. The individual may terminate the disqualification at any time upon written notice to the money transmitter. Subd. 3.  MS 2018 [Repealed, 2020 c 80 art 1 s 29] Subd. 4.  MS 2018 [Repealed, 2020 c 80 art 1 s 29] Subd. 5. High incidence of schemes to defraud. The commissioner, after consulting with licensed money transmitters, may recommend a maximum transaction amount for money transmissions to countries associated with high incidence of schemes to defraud. Subd. 6. Notification of attempted receipt of money transfer at unexpected location. Upon request of a sender of a money transmission, a money transmitter shall promptly notify the sender if the money transmitter receives notice that a person has attempted to receive the transfer at a physical location in a state or country other than the state or country specified by the sender. The money transmitter shall not authorize receipt of the transfer at any physical location not specified in writing by the sender at the time of the transmission unless the money transmitter has received authorization from the sender. Subd. 7. Verification of name and location of receipt of money transfer. Upon request of a sender or the authorized delegate of a money transmission, a money transmitter shall provide the sender verification of the location where the transfer was received and the name of the person receiving the transfer. This subdivision only applies to transmissions received at a physical location. History:  2012 c 234 s 2; 2013 c 50 s 2-6; 2013 c 103 s 1
MN Stat § 53C.04 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53C — Motor Vehicle Retail Installment Sales|Section 53C.04 — Complaint Alleging Violation Of Vehicle Sale Installment Contract Laws.

53C.04 COMPLAINT ALLEGING VIOLATION OF VEHICLE SALE INSTALLMENT CONTRACT LAWS. Any retail buyer having reason to believe that sections 53C.01 to 53C.14 relating to the buyer's retail installment contract has been violated may file with the commissioner a written complaint setting forth the details of such alleged violation and the commissioner, upon receipt of such complaint, may inspect the pertinent books, records, letters and contracts of the licensee, assignee of the licensee or retail seller, and of the retail seller involved, relating to such specific written complaint. History:  1957 c 266 s 4; 1986 c 444; 1994 c 382 s 14; 1996 c 414 art 1 s 31; 2005 c 19 s 1
MN Stat § 53C.05 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53C — Motor Vehicle Retail Installment Sales|Section 53C.05 — Testimonial Powers Of Commissioner.

53C.05 TESTIMONIAL POWERS OF COMMISSIONER. (a) The commissioner shall have power to issue subpoenas to compel the attendance of witnesses and the production of documents, papers, books, records and other evidence before the commissioner in any matter over which the commissioner has jurisdiction, control or supervision pertaining to sections 53C.01 to 53C.14. The commissioner shall have the power to administer oaths and affirmations to any person whose testimony is required. (b) If any person shall refuse to obey any such subpoena, or to give testimony, or to produce evidence as required thereby, any judge of any district court may, upon application and proof of such refusal, make an order for the issuance of a subpoena, or subpoena duces tecum, for the witness to appear before the commissioner and to give testimony, and to produce evidence as required thereby. Upon filing such order in the office of the court administrator of such court the commissioner shall issue a subpoena, as directed, under the seal of said court, requiring the person to whom it is directed to appear at the time and place therein designated. (c) If any person served with any such subpoena shall refuse to obey the same, or to give testimony or to produce evidence as required thereby, the commissioner may report such refusal to the court, and the court shall thereupon enforce obedience to the subpoena in the manner provided by law for enforcing obedience to subpoenas of the court. History:  1957 c 266 s 5; 1986 c 444; 1Sp1986 c 3 art 1 s 82; 2005 c 19 s 1
MN Stat § 53C.06 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53C — Motor Vehicle Retail Installment Sales|Section 53C.06 — Vehicle Conditional Sales Installment Contract; Examination, Special Investigation, Cost Assessment.

53C.06 VEHICLE CONDITIONAL SALES INSTALLMENT CONTRACT; EXAMINATION, SPECIAL INVESTIGATION, COST ASSESSMENT. (a) For the purpose of discovering violations of sections 53C.01 to 53C.14 or securing information lawfully required by the commissioner hereunder, the commissioner may, at any time, either personally or by a person or persons duly designated by the commissioner, investigate the conditional sales contracts and business related to the conditional sales contracts and examine the books, accounts, records, and files used therein, of every licensee, assignee of the licensee, and of every person who shall be engaged in the business of a sales finance company, including the retail seller and assignee of the retail seller, whether the person shall act as principal or agent, or under or without the authority of sections 53C.01 to 53C.14. For that purpose, the commissioner and the commissioner's duly designated representative shall have free access to the offices and places of business, books, accounts, papers, records, files, safes, and vaults of all these persons. The commissioner and all persons duly designated by the commissioner shall have authority to require the attendance of and to examine, under oath, all persons whomsoever whose testimony the commissioner may require relative to the conditional sales contract or the business or to the subject matter of any examination, investigation, or hearing. (b) The commissioner may make an examination of the affairs, business, office, and records of licensees, and of other persons subject to examination under this section, as often as considered necessary. The commissioner may assess a fee covering the necessary costs of an examination or special investigation under this section, section 53C.04, or reports filed under section 53C.07. The fee is payable to the commissioner on the commissioner's request for payment. The commissioner may maintain an action for the recovery of the costs in any court of competent jurisdiction. History:  1971 c 398 s 1; 1981 c 220 s 16; 1986 c 444; 1987 c 349 art 2 s 9; 1996 c 414 art 1 s 32; 2005 c 19 s 1
MN Stat § 53C.07 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 53C — Motor Vehicle Retail Installment Sales|Section 53C.07 — Vehicle Sales Finance Company Books Of Account, Annual Report.

53C.07 VEHICLE SALES FINANCE COMPANY BOOKS OF ACCOUNT, ANNUAL REPORT. (a) The licensee shall keep and use in the licensee's business such books, accounts, and records as will enable the commissioner to determine whether the licensee is complying with the provisions of sections 53C.01 to 53C.14 and with the rules lawfully made by the commissioner hereunder. Every licensee shall preserve such books, accounts, and records, including cards used in the card system, if any, for at least two years after making the final entry on any conditional sale contract recorded therein. (b) Each licensee shall annually on or before March 15 file a report to the commissioner giving such relevant information as the commissioner reasonably may require concerning the business and operations during the preceding calendar year of each licensed place of business, conducted by such licensee within the state. Such report shall be made under oath and shall be in the form prescribed by the commissioner, who shall make and publish annually an analysis and recapitulation of such reports. History:  1971 c 398 s 3; 1985 c 248 s 70; 1986 c 444; 2005 c 19 s 1