Closing Agent License
Agency contact information:
Commerce, Minnesota Department of
85 7th Place East, Suite 500
St. Paul, MN 55101
(651) 539-1599 | (800) 657-3978 (MN only, outside Metro area)
Contact Info: firstname.lastname@example.org
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.
A Closing Agent is required to maintain an interest-bearing trust account.
If the closing agent meets the requirements to waive the trust account notice, a completed Trust Account Notice Waiver form may be attached to the closing agent application, in place of obtaining a trust account. Download the Trust Account Waiver form here.
The Trust Account Notice Waiver Certification form must be faxed to email@example.com along with a copy of the application confirmation page. The application will not be processed until the appropriate documents are received.
Closing Agent License fee - $115
In addition, the online system vendor also charges processing fees.
Period of Issuance:
2 years, expiring on June 30.
Length of Determination Process:
2 - 4 weeks