This chapter does not apply to a person doing business under and as permitted by any law of this state or of the United States relating to banks, savings associations, trust companies, licensed pawnbrokers, or credit unions. Notwithstanding the provisions of section 56.01, an industrial loan and thrift company under chapter 53 may contract for and receive the charges, including those in section 56.155, authorized by this chapter without being licensed pursuant to this chapter, but shall comply with all other provisions of this chapter when contracting for or receiving charges on loans regulated by this chapter.
1981 c 258 s 2; 1Sp1981 c 4 art 4 s 11; 1995 c 202 art 1 s 25
Structure Minnesota Statutes
Section 56.01 — Necessity Of License.
Section 56.02 — Application Fee.
Section 56.04 — Investigation; Issuance Of License; Denial; Refunds.
Section 56.05 — License; To Be Posted.
Section 56.07 — Control Over Location.
Section 56.08 — Annual License Fee.
Section 56.09 — Suspension Or Revocation Of License.
Section 56.10 — General Oversight And Administration.
Section 56.11 — Books Of Account; Annual Report.
Section 56.12 — Advertising; Taking Of Security; Place Of Business.
Section 56.125 — Open-end Loans.
Section 56.131 — Maximum Rates And Charges.
Section 56.132 — Installment Sales Contracts.
Section 56.14 — Duties Of Licensee.
Section 56.155 — Insurance In Connection With Loan.
Section 56.16 — Overages Deemed Interest.
Section 56.17 — Limitation; Assignment Of Wages; Security Agreement.
Section 56.18 — Unlicensed Persons Not To Make Loans.
Section 56.21 — Rules Of Commissioner.
Section 56.22 — Modification Of Law Not To Affect Contracts.
Section 56.24 — Existing Contracts Valid.