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Title: Bullion Product Dealer / Dealer Representative
Alternate Title:
Description:
A Bullion Product Dealer is any person who buys, sells, solicits, or markets bullion products or investments in bullion products to consumers and is incorporated, registered, domiciled, or otherwise located in this state; has a dealer representative located in this state; or does business with a consumer at an address in this state, or delivers or ships a bullion product or makes a payment to a consumer at an address in this state, unless the transaction occurs when the consumer is at a business location outside of this state.
 
A Bullion Product Dealer Representative is any natural person acting as an employee, contractor, or agent of a dealer and who has interactions with consumers for the purpose of the buying, selling, solicitation, or marketing of bullion products or investments in bullion products. This term does not mean a natural person who has interactions with consumers solely for administrative purposes.
 
Bullion product is defined as any coin, round, bar, or ingot containing silver, gold, platinum, palladium, or other precious metal.
 
Minnesota Department of Commerce

Subject: Currency Exchange
Creation Date: 9/11/2008 2:11:54 PM
Modification Date: 8/20/2010 9:38:27 AM
Agency Name: Commerce, Minnesota Department of
Agency URL: https://mn.gov/commerce/
Agency Description: 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.
Agency Phone: 651-539-1600
800-857-3602
Agency Fax: Agency URL: https://mn.gov/commerce/
Agency Address:
85 7th Place East, Suite 500

St. Paul
MN
55101
Unit Name: Licensing Unit
Unit URL:
Unit Description:
Unit Phone: 651-539-1599
800-657-3978
Unit Fax: Contact person(s): licensing.commerce@state.mn.us
Unit URL:
Audience: Hold Application URL: https://www.pulseportal.com/
Renewal URL: https://www.pulseportal.com/
Versa URL:
Requirements:
Rules:
Statutes: 80G

Forms:

Required Surety Bonds Forms

Bullion Coin Dealer Surety Bond - Corporation  /LLC (PDF)

Bullion Coin Dealer Surety Bond - Partnership (PDF)

Bullion Coin Dealer Surety Bond - Individual Proprietorship (PDF)

See the application instructions at Bullion Product Dealer Registration -How to Apply


Fees:

License Type                                           Initial Fee     Renewal Fee

Bullion Product Dealer                                  $25                  $25

Bullion Product Dealer Representative      $10                   $10


Period of Issuance:

Bullion Product Dealer and Representative Registrations expire annually on June 30. 


Length of Determination: 2 - 4 weeks.
Other Info:
Activity: Debt Collection
Collection Agency
License Detail URL:

Bullion Production Dealer Registration

License Lookup Directory

Minnesota Department of Commerce


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