Subdivision 1. Currency exchange. "Currency exchange" means any person, except a bank, trust company, savings bank, savings association, credit union, or industrial loan and thrift company, engaged in the business of cashing checks, drafts, money orders, or travelers' checks for a fee. "Currency exchange" does not include a person who provides these services incidental to the person's primary business if the charge for cashing a check or draft does not exceed $1 or one percent of the value of the check or draft, whichever is greater.
Subd. 2. Commissioner. "Commissioner" means the commissioner of commerce.
1989 c 247 s 1; 1995 c 202 art 1 s 25
Structure Minnesota Statutes
Chapter 53A — Currency Exchanges
Section 53A.03 — Application For License; Fees.
Section 53A.04 — Approval Or Denial Of An Application.
Section 53A.05 — Change Of Name, Ownership, Or Location.
Section 53A.06 — Fine, Suspension, Or Revocation Of License.
Section 53A.07 — Filing Of Fees; Unreasonable Fees.
Section 53A.09 — Powers; Limitations; Prohibitions.