language to be deleted (2) new language
relating to commerce; regulating money transmitters; clarifying required fraud prevention measures;
amending Minnesota Statutes 2012, section 53B.27, subdivision 1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Each money transmitter shall:
(1) provide a clear, concise, and conspicuous consumer fraud warning on all transmittal forms used by consumers;
(2) provide consumer fraud prevention training for agents involved with transmittals;
(3) monitor agent activity relating to consumer transmittals; and
(4) establish a toll-free number for consumers to call to report fraud or suspected fraud.
Presented to the governor May 21, 2013
Signed by the governor May 24, 2013, 2:52 p.m.