Regulated Loan Company
Regulated Loan Companies make loans, up to $100,000, higher if capitalized, and are frequently referred to as finance companies.
- Licenses issued under Minnesota Statute Chapter 56 expire annually on December 31 and are renewable on January 1 of each year. Renewal notices will be sent to licensees at the email address provided on the Company MU1 in November of each year.
- The renewal fee is $250.
- Renewal is done through NMLS.