reglab/housing_qa huggingface dataset:
MN Stat § 58A.17 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 58A — Individual Mortgage Originator Licensing|Section 58A.17 — Mortgage Call Reports.

58A.17 MORTGAGE CALL REPORTS. A mortgage licensee shall submit to the Nationwide Multistate Licensing System and Registry reports of condition, which must be in the form and contain the information the Nationwide Multistate Licensing System and Registry requires. History:  2010 c 347 art 4 s 18; 2018 c 104 s 3
MN Stat § 58A.18 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 58A — Individual Mortgage Originator Licensing|Section 58A.18 — Report To Nationwide Multistate Licensing System And Registry.

58A.18 REPORT TO NATIONWIDE MULTISTATE LICENSING SYSTEM AND REGISTRY. The commissioner shall regularly report violations of this chapter, as well as enforcement actions and other relevant information, to the Nationwide Multistate Licensing System and Registry subject to the provisions contained in section 58A.14. History:  2010 c 347 art 4 s 19; 2018 c 104 s 3
MN Stat § 58A.20 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 58A — Individual Mortgage Originator Licensing|Section 58A.20 — Unique Identifier Shown.

58A.20 UNIQUE IDENTIFIER SHOWN. The unique identifier of any person originating a residential mortgage loan shall be clearly shown on all residential mortgage loan application forms, solicitations, or advertisements, including business cards or websites, and any other documents as established by rule or order of the commissioner. History:   2010 c 347 art 4 s 20
MN Stat § 58A.22 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 58A — Individual Mortgage Originator Licensing|Section 58A.22 — Incorporation By Reference.

58A.22 INCORPORATION BY REFERENCE. The final rules adopted by the United States Department of Housing and Urban Development under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, and subsequent amendments, are incorporated by reference. History:   2010 c 347 art 4 s 21
MN Stat § 58B.01 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 58B — Student Loan Borrower Bill Of Rights|Section 58B.01 — Title.

58B.01 TITLE. This chapter may be cited as the "Student Loan Borrower Bill of Rights." History:   1Sp2021 c 4 art 6 s 2
MN Stat § 58B.02 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 58B — Student Loan Borrower Bill Of Rights|Section 58B.02 — Definitions.

58B.02 DEFINITIONS. Subdivision 1. Scope. For purposes of this chapter, the following terms have the meanings given them. Subd. 2. Borrower. "Borrower" means a resident of this state who has received or agreed to pay a student loan or a person who shares responsibility with a resident for repaying a student loan. Subd. 3. Commissioner. "Commissioner" means the commissioner of commerce. Subd. 4. Financial institution. "Financial institution" means any of the following organized under the laws of this state, any other state, or the United States: a bank, bank and trust, trust company with banking powers, savings bank, savings association, or credit union. Subd. 5. Nationwide Multistate Licensing System and Registry. "Nationwide Multistate Licensing System and Registry" has the meaning given in section 58A.02, subdivision 8. Subd. 6. Person in control. "Person in control" means any member of senior management, including owners or officers, and other persons who directly or indirectly possess the power to direct or cause the direction of the management policies of an applicant or student loan servicer under this chapter, regardless of whether the person has any ownership interest in the applicant or student loan servicer. Control is presumed to exist if a person directly or indirectly owns, controls, or holds with power to vote ten percent or more of the voting stock of an applicant or student loan servicer or of a person who owns, controls, or holds with power to vote ten percent or more of the voting stock of an applicant or student loan servicer. Subd. 7. Servicing. "Servicing" means: (1) receiving any scheduled periodic payments from a borrower or notification of payments, and applying payments to the borrower's account pursuant to the terms of the student loan or of the contract governing servicing; (2) during a period when no payment is required on a student loan, maintaining account records for the loan and communicating with the borrower regarding the loan, on behalf of the loan's holder; and (3) interacting with a borrower, including activities to help prevent default on obligations arising from student loans, conducted to facilitate the requirements in clauses (1) and (2). Subd. 8. Student loan. "Student loan" means a government, commercial, or foundation loan for actual costs paid for tuition and reasonable education and living expenses. Subd. 9. Student loan servicer. "Student loan servicer" means any person, wherever located, responsible for the servicing of any student loan to any borrower, including a nonbank covered person, as defined in Code of Federal Regulations, title 12, section 1090.101, who is responsible for the servicing of any student loan to any borrower. History:   1Sp2021 c 4 art 6 s 3
MN Stat § 58B.04 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 58B — Student Loan Borrower Bill Of Rights|Section 58B.04 — Licensing Multiple Places Of Business.

58B.04 LICENSING MULTIPLE PLACES OF BUSINESS. A person licensed to act as a student loan servicer in this state is prohibited from servicing student loans under any other name or at any other place of business than that named in the license. Any time a student loan servicer changes the location of the servicer's place of business, the servicer must provide prior written notice to the commissioner. A student loan servicer may not maintain more than one place of business under the same license. The commissioner may issue more than one license to the same student loan servicer, provided that the servicer complies with the application procedures in section 58B.03 for each license. History:   1Sp2021 c 4 art 6 s 5
MN Stat § 58B.05 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 58B — Student Loan Borrower Bill Of Rights|Section 58B.05 — License Renewal.

58B.05 LICENSE RENEWAL. Subdivision 1. Term. Licenses are renewable on January 1 of each year. Subd. 2. Timely renewal. (a) A person whose application is properly and timely filed who has not received notice of denial of renewal is considered approved for renewal. The person may continue to act as a student loan servicer whether or not the renewed license has been received on or before January 1 of the renewal year. An application for renewal of a license is considered timely filed if the application is received by the commissioner, or mailed with proper postage and postmarked, no later than December 15 of the year immediately preceding the renewal year. An application for renewal is considered properly filed if the application is made upon forms duly executed, accompanied by fees prescribed by this chapter, and containing any information that the commissioner requires. (b) A person who fails to make a timely application for renewal of a license and who has not received the renewal license as of January 1 of the renewal year is unlicensed until the renewal license has been issued by the commissioner and is received by the person. Subd. 3. Contents of renewal application. An application for renewal of an existing license must contain the information specified in section 58B.03, subdivision 3, except that only the requested information having changed from the most recent prior application need be submitted. Subd. 4. Cancellation. A student loan servicer ceasing an activity or activities regulated by this chapter and desiring to no longer be licensed shall inform the commissioner in writing and, at the same time, surrender the license and all other symbols or indicia of licensure. The licensee shall include a plan for the withdrawal from student loan servicing, including a timetable for the disposition of the student loans being serviced. Subd. 5. Renewal fees. The following fees must be paid to the commissioner for a renewal license: (1) a nonrefundable renewal license fee established by the commissioner; and (2) a nonrefundable renewal investigation fee established by the commissioner. History:   1Sp2021 c 4 art 6 s 6
MN Stat § 58B.07 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 58B — Student Loan Borrower Bill Of Rights|Section 58B.07 — Prohibited Conduct.

58B.07 PROHIBITED CONDUCT. Subdivision 1. Misleading borrowers. A student loan servicer must not directly or indirectly attempt to mislead a borrower. Subd. 2. Misrepresentation. A student loan servicer must not engage in any unfair or deceptive practice or misrepresent or omit any material information in connection with the servicing of a student loan, including but not limited to misrepresenting the amount, nature, or terms of any fee or payment due or claimed to be due on a student loan, the terms and conditions of the loan agreement, or the borrower's obligations under the loan. Subd. 3. Misapplication of payments. A student loan servicer must not knowingly or negligently misapply student loan payments. Subd. 4. Inaccurate information. A student loan servicer must not knowingly or negligently provide inaccurate information to any consumer reporting agency. Subd. 5. Reporting of payment history. A student loan servicer must not fail to report both the favorable and unfavorable payment history of the borrower to a consumer reporting agency at least annually, if the student loan servicer regularly reports payment history information. Subd. 6. Refusal to communicate with a borrower's representative. A student loan servicer must not refuse to communicate with a representative of the borrower who provides a written authorization signed by the borrower. The student loan servicer may adopt procedures reasonably related to verifying that the representative is in fact authorized to act on behalf of the borrower. Subd. 7. False statements and omissions. A student loan servicer must not knowingly or negligently make any false statement or omission of material fact in connection with any application, information, or reports filed with the commissioner or any other federal, state, or local government agency. Subd. 8. Noncompliance with applicable laws. A student loan servicer must not violate any other federal, state, or local laws, including those related to fraudulent, coercive, or dishonest practices. Subd. 9. Incorrect information regarding student loan forgiveness. A student loan servicer must not misrepresent the availability of student loan forgiveness for which the servicer has reason to know the borrower is eligible. This includes but is not limited to student loan forgiveness programs specific to military borrowers, borrowers working in public service, or borrowers with disabilities. Subd. 10. Compliance with servicer duties. A student loan servicer must comply with the duties and obligations under section 58B.06. History:   1Sp2021 c 4 art 6 s 8
MN Stat § 58B.08 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 58B — Student Loan Borrower Bill Of Rights|Section 58B.08 — Examinations.

58B.08 EXAMINATIONS. The commissioner has the same powers with respect to examinations of student loan servicers under this chapter that the commissioner has under section 46.04. History:   1Sp2021 c 4 art 6 s 9
MN Stat § 58B.10 (2021)
2021 Minnesota Statutes|Chapters 46 - 59 — Banking|Chapter 58B — Student Loan Borrower Bill Of Rights|Section 58B.10 — Data Practices.

58B.10 DATA PRACTICES. Subdivision 1. Classification of data. Data collected, created, received, maintained, or disseminated by the Department of Commerce under this chapter are governed by section 46.07. Subd. 2. Data sharing. To the extent data collected, created, received, maintained, or disseminated under this chapter are not public data as defined by section 13.02, subdivision 8a, the data may, when necessary to accomplish the purpose of this chapter, be shared between: (1) the United States Department of Education; (2) the Office of Higher Education; (3) the Department of Commerce; (4) the Office of the Attorney General; and (5) any other local, state, and federal law enforcement agencies. History:   1Sp2021 c 4 art 6 s 11
MN Stat § 59A.01 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 59A — Insurance Premium Finance Companies|Section 59A.01 — Citation.

59A.01 CITATION. Sections 59A.01 to 59A.15 may be cited as the "Insurance Premium Finance Company Act." History:   1974 c 353 s 1
MN Stat § 59A.02 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 59A — Insurance Premium Finance Companies|Section 59A.02 — Definitions.

59A.02 DEFINITIONS. Subdivision 1. Scope. For the purposes of sections 59A.01 to 59A.15, the words, terms and phrases defined in this section have the meanings ascribed to them except where the context clearly indicates a different meaning. Subd. 2. Insurance premium finance agreement. "Insurance premium finance agreement" means an agreement by which an insured or prospective insured promises to pay to a premium finance company or to its assignee the amount advanced or to be advanced under the agreement to an insurer or to an insurance agent or broker in payment of premiums on an insurance policy together with a service charge. Any agreement to finance premiums is a premium finance agreement if an insurance policy, other than a life or disability insurance policy, is made the security or collateral for the repayment of the debt incurred under the agreement. Provided, however, an agreement to finance premiums for insurance which is included in a retail installment transaction or purchased in connection with a real estate transaction, mortgage, deed of trust or other security agreement is not a premium finance agreement. Provided further, that an agreement by an insurance company to finance policies written by itself or by companies other than itself or its parent company, its subsidiaries or companies with which it shares a common parent company is not a premium finance agreement. Subd. 3. Licensee. "Licensee" means a person licensed by the commissioner to engage in the business of insurance premium financing. The term does not include a person in the business of insurance premium financing exclusively financing premiums for business, agricultural, or corporate purposes. Subd. 4. Commissioner. "Commissioner" means the commissioner of commerce. History:  1974 c 353 s 2; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92; 1993 c 257 s 43
MN Stat § 59A.03 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 59A — Insurance Premium Finance Companies|Section 59A.03 — Licenses; Penalty.

59A.03 LICENSES; PENALTY. Subdivision 1. Requirement. No person other than a savings association, bank, savings bank, trust company, regulated lender, industrial loan and thrift company, credit union or resident insurance agent who, within 15 days after entering into an insurance premium finance agreement, transfers such agreement to a licensee or to any of the organizations exempt under this subdivision may engage in the business of entering into, acquiring or holding insurance premium finance agreements unless licensed to do so by the commissioner. A violation of this subdivision is a misdemeanor. Subd. 2. Required fees. The applicant at the time of making application, shall pay to the commissioner the sum of $250 as a fee for investigating the application, and the additional sum of $200 as an annual licensee fee for a period terminating on May 31 of each year. In addition to the annual license fee, every licensee shall pay to the commissioner the actual costs of each examination as may be required to be conducted under the terms of sections 59A.01 to 59A.15. Subd. 3. Commissioner's authority. The person to whom the license or the renewal thereof may be issued shall file sworn answers to such interrogatories as the commissioner may require. The commissioner shall have authority, at any time, to require the applicant to fully disclose the identity of all stockholders, partners, officers and employees and may refuse to issue or issue a license in the name of any firm, partnership, or corporation if not satisfied that any officer, employee, stockholder or partner thereof, who may materially influence the applicant's conduct, meets the standards of sections 59A.01 to 59A.15. Subd. 4. Records and fees; maintenance and processing. Section 58A.04, subdivisions 2 and 3, apply to this section. History:  1974 c 353 s 3; 1976 c 2 s 34; 1976 c 111 s 1; 1986 c 444; 1994 c 382 s 13; 1995 c 202 art 1 s 25; 1999 c 151 s 37; 2020 c 80 art 1 s 13
MN Stat § 59A.04 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 59A — Insurance Premium Finance Companies|Section 59A.04 — Action By Commissioner On Application.

59A.04 ACTION BY COMMISSIONER ON APPLICATION. Subdivision 1. Investigation and hearing. Upon the filing of an initial application and the payment of the license fee, the commissioner shall make an investigation of each applicant. If a license has not been issued within 30 days after receipt of the application the commissioner shall, at the request of the applicant, give the applicant a full hearing. Subd. 2. License issued. The commissioner shall issue or renew a license when satisfied that the person to be licensed: (a) is competent and trustworthy and intends to act in good faith in the financing of insurance premiums; (b) has a good business reputation and has had experience, training or education so as to be qualified in financing insurance premiums; and (c) if a corporation, is a corporation incorporated under the laws of this state or a foreign corporation authorized to transact business in this state. History:  1974 c 353 s 4; 1986 c 444
MN Stat § 59A.05 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 59A — Insurance Premium Finance Companies|Section 59A.05 — Revocation And Suspension Of Licenses.

59A.05 REVOCATION AND SUSPENSION OF LICENSES. The commissioner may after a hearing revoke, suspend, or refuse to renew the license of any licensee if it appears to the commissioner that: (a) the license was obtained by fraud; (b) there was any misrepresentation in the application for the license; (c) the holder of the license is untrustworthy or incompetent to finance insurance premiums, or is involved in any fraudulent, dishonest or deceptive practice; or (d) the licensee has violated any of the provisions of sections 59A.01 to 59A.15 or rules adopted pursuant to sections 59A.01 to 59A.15. History:  1974 c 353 s 5; 1986 c 444
MN Stat § 59A.06 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 59A — Insurance Premium Finance Companies|Section 59A.06 — Books And Records.

59A.06 BOOKS AND RECORDS. Subdivision 1. Licensee duties. Every licensee shall maintain records satisfactory to the commissioner of its premium finance transactions. The records shall be open to examination and investigation by the commissioner at any time during ordinary business hours. The commissioner may, at any time, require any licensee to bring these records to the commissioner's office for examination. Subd. 2. Retention requirements. Every licensee shall preserve its records of premium finance transactions for at least three years after making the final entry in respect to any premium finance agreement. The records may be preserved in photographic form or in a form acceptable to the commissioner under section 46.04, subdivision 3. Subd. 3. Commissioner's examination authority; recovery of costs. The commissioner may at any time make an examination of the affairs, business, office, and records of each licensee. Each licensee shall pay to the commissioner the actual costs of examination as well as amounts required under section 46.131, and the commissioner may maintain an action for the recovery of such costs in any court of competent jurisdiction. Subd. 4. Annual report. Each licensee shall annually before March 15 file a report under oath with the commissioner, in the form prescribed, giving information as required concerning the business and operations of each licensed place of business during the preceding year. The commissioner shall make and publish annually an analysis and recapitulation of the reports. History:  1974 c 353 s 6; 1976 c 26 s 1; 1986 c 444; 1987 c 349 art 2 s 2; 1995 c 202 art 2 s 24
MN Stat § 59A.07 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 59A — Insurance Premium Finance Companies|Section 59A.07 — Power To Make Rules.

59A.07 POWER TO MAKE RULES. The commissioner shall promulgate any rules which may be necessary to the administration of sections 59A.01 to 59A.15. History:  1974 c 353 s 7; 1985 c 248 s 70
MN Stat § 59A.09 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 59A — Insurance Premium Finance Companies|Section 59A.09 — Maximum Finance Charge.

59A.09 MAXIMUM FINANCE CHARGE. Subdivision 1. Grant of authority. No person engaged in the business of financing insurance premiums may charge, contract for, receive or collect a finance charge plus flat service fee with respect to an insurance premium finance agreement other than as permitted by this section. Subd. 2. Balance determined. The finance charge shall be computed on the balance of the premiums due, after subtracting the down payment made by the insured in accordance with the premium finance agreement, from the effective date of the insurance coverage, for which the premiums are being advanced, to and including the date when final installment of the premium finance agreement is payable. Subd. 3. How computed. The finance charge must not exceed five percent in excess of the discount rate on 90-day commercial paper in effect at the Federal Reserve Bank located in the Ninth Federal Reserve District when an insurance premium finance agreement is made or when an additional or subsequent premium is added under an open end agreement. For expenses incurred in servicing the loan including any filing fees, application fee for the examination or investigation of the character of the borrower, comaker or security, and drawing any necessary papers in making the loan, an insurance premium finance company may contract for a flat rate service fee not exceeding the greater of one percent of the amount financed or $20 per premium finance agreement. The flat service fee need not be refunded upon prepayment in full before maturity. Subd. 4. When computed. The finance charge shall be computed in advance on the principal balance of a premium finance agreement according to the actuarial method on terms payable in substantially equal successive monthly installments. Subd. 5. Prepayment. Notwithstanding the provisions of any premium finance agreement, any insured may prepay the obligation in full at any time. In such event the insured shall receive a refund credit. The amount of such refund credit shall represent at least as great a proportion of the finance charge as the sum of the periodic balances after the month in which prepayment is made bears to the sum of all periodic balances under the schedule of installments in the agreement. Where the amount of the refund is less than $1, no refund need be made. If, in addition to the finance charge, an additional flat service fee was imposed, the flat service fee need not be refunded nor taken into consideration in computing the refund credit. Subd. 6. Limitation. Subdivision 3 applies only to a premium finance agreement in which the related insurance contract is for personal, family, or household use. The rate charged under an agreement made to finance an insurance policy for business, agricultural, or corporate purposes shall be as agreed to by the parties to the agreement. History:  1974 c 353 s 9; 1979 c 261 s 1; 1983 c 200 s 1-3; 1986 c 444