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Workplace associated with the Revisor of Statutes

Workplace associated with the Revisor of Statutes

2020 Minnesota Statutes

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Chapter 47

  • Dining table of parts
  • Complete Chapter Text
  • Variation List

Area 47.601

Topics

  • Attorney general
  • Banking Institutions
  • Commerce division
  • Customer security
  • Banking institutions
  • Industrial thrift and loan businesses
  • Loans
  • Payday advances
  • Popular names of functions
  • Regulated loan providers
  • Savings associations
  • Savings banks
  • Trust organizations

Current History

  • 2009 47.601 brand new 2009 c 68 s 3

47.601 CUSTOMER SHORT-TERM LOANS.

Subdivision 1. Definitions.

(b) “Borrower” means someone who obtains a customer loan that is short-term for individual, family members, or home purposes.

(c) “Commissioner” means the commissioner of business.

(d) “customer short-term loan” means that loan to a debtor which includes a principal quantity, or an advance on a borrowing limit, of $1,000 or less and needs a minimum payment within 60 times of loan origination or credit advance greater than 25 % associated with the major stability or credit advance. (mais…)

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