53A.01 DEFINITIONS. Subdivision 1. Currency exchange. 'Currency exchange' means any person, except a bank, trust company, savings bank, savings association, credit union, or industrial loan and thrift company, engaged in the business of cashing checks, drafts, money orders, or travelers' checks for a fee. 'Currency exchange' does not include a person who provides these services incidental to the person's primary business if the charge for cashing a check or draft does not exceed $1 or one percent of the value of the check or draft, whichever is greater. Subd. 2. Commissioner. 'Commissioner' means the commissioner of commerce. History: 1989 c 247 s 1; 1995 c 202 art 1 s 25
Minnesota Legal Code