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Financial Institutions

    Updated Electronic Financial Terminal Bond and Financial Statement Requirements (.pdf)

    Electronic Financial Terminals Letter (.pdf)

    Credit Services Organizations Letter (.pdf)

    *Information related to Broker Dealers and Investment Advisers can be found in Securities, Franchises & Subdivided Lands.

    Guidance on Changes in Branch Locations or Individual Mortgage Loan Originators Working From Home (.pdf)

    Financial Institutions, Statement of Financial Institutions Working with Customers/ Members Affected by the Coronavirus and Regulatory Assistance (.pdf)

    The Minnesota Department of Commerce regulates state-chartered financial institutions and other financial services.

    • Supervising and examining state banks, trust companies, credit unions, savings banks, other financial services companies and consumer credit companies to determine their financial solvency and responsiveness to business and consumer credit needs.

    • Writing rules and recommending laws to be enacted under which financial institutions and consumer credit licensees operate and fairly enforcing those laws, rules and principles of safe and sound operation.

    The Financial Institutions Division is accredited as a bank supervisory agency by the Conference of State Bank Supervisors and conducts on-site examinations in institutions supervised by the Department of Commerce. 

    Privacy Laws and Reporting Financial Abuse 
    Minnesota Department of Commerce Guidance on Privacy Laws and the Reporting of Financial Abuse of Older Adults

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