Electronic Funds Transmission (EFT) Facility Authorization
Agency contact information:
Commerce, Minnesota Department of
85 7th Place East, Suite 500
St. Paul, MN 55101
(651) 539-1600 | (800) 857-3602
Division of Financial Institutions
Contact Info: email@example.com
The Minnesota Department of Commerce is the chief regulator for the banking, energy, insurance, real estate, securities, telecommunications industries and also operates Minnesota's Unclaimed Property.
Minn. Stats. 47.65
Contact the MN Dept. of Commerce at (651) 539-1600.
Application fee - $500
Period of Issuance:
Perpetual until suspended or voluntarily surrendered.
Length of Determination Process:
90 days. This is a statutory time frame following receipt of a complete application.
Other Pertinent Information:
Any material changes to the information that was submitted with the initial application must be made within ten (10) days of the change.