1998 Minnesota Statutes

     45.0111 Temporary licenses. 

    Subdivision 1.    Authority.  The commissioner may grant 
 a temporary license to an applicant who can demonstrate 
 successful completion of all requirements for a permanent 
 license.  The temporary license will remain in effect until the 
 earliest of: 

    (1) receipt by the applicant of the permanent license; 

    (2) the expiration of 45 days from the date on which the 
 temporary license was granted; or 

    (3) denial by the commissioner of the permanent license. 

    Subd. 2.    Nonapplication.  A temporary license as 
 described in this section may not be issued to an applicant for 
 licensure as a: 

    (1) currency exchange regulated under chapter 53A; 

    (2) collection agency regulated under sections 332.31 to 
 332.45; 

    (3) credit service organization regulated under sections 
 332.52 to 332.60; or 

    (4) broker-dealer, investment advisor, or agent regulated 
 under chapter 80A. 

    HIST: 1997 c 222 s 2