Chapter 53A — License

53A.01 Definitions This section defines terms used in the currency exchange laws, including what a 'currency exchange' is. Currency … 53A.02 License This section requires currency exchanges to be licensed by the commissioner of commerce before operating in Minnesota. … 53A.03 Application for License; Fees This section describes how to apply for a currency exchange license, what information must be provided, and the fees … 53A.04 Approval or Denial of an Application This section explains how the commissioner and local government decide whether to approve or deny a currency exchange … 53A.05 Change of Name, Ownership, or Location This section requires currency exchanges to notify the commissioner before changing their name, ownership, or location. … 53A.06 Fine, Suspension, or Revocation of License This section gives the commissioner the power to fine, suspend, or revoke a currency exchange license for violations … 53A.07 Filing of Fees; Unreasonable Fees This section requires currency exchanges to file their fee schedules with the commissioner for approval. The … 53A.08 Bond This section requires currency exchanges to post a surety bond of at least $10,000 before receiving a license. The bond … 53A.081 This section has been repealed and is no longer in effect. 53A.09 Powers; Limitations; Prohibitions This section sets out what services currency exchanges are allowed to provide and what they are prohibited from doing. … 53A.10 Violations This section makes it a misdemeanor for any person, company, or corporation to violate the currency exchange laws. 53A.11 Books of Account; Annual Report This section requires currency exchanges to keep proper books and records that allow the commissioner to check … 53A.12 Rules This section gives the commissioner the power to adopt rules under the Administrative Procedure Act (chapter 14) to … 53A.13 Fee Notice; False Advertising; Penalty This section requires currency exchanges to clearly post their fees so customers can see them. False advertising about … 53A.14 This section has been repealed and is no longer in effect.