Minn. Stat. § 53A.01: DEFINITIONS.
Where this section sits in the code
- BANKING
- CHAPTER 53A. CURRENCY EXCHANGES
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.
Collected 2026-09-02T22:10:27Z. Source file · JSON