1998 Minnesota Statutes

     58.05 Exemptions from license. 

    Subdivision 1.    Exemption from licensure.  An exempt 
 person as defined by section 58.04, subdivision 1, paragraph 
 (b), and subdivision 2, paragraph (b), is exempt from the 
 licensing requirements of this chapter, but is subject to all 
 other provisions of this chapter. 

    Subd. 2.    Eligibility for exemption.  To qualify as an 
 exempt person, a person, except an employee exempt under section 
 58.04, subdivision 1, paragraph (b), clause (1), or subdivision 
 2, paragraph (b), clause (2), or an individual real estate 
 licensee exempt under section 58.04, subdivision 1, paragraph 
 (b), clause (3), must obtain a certificate of exemption from the 
 commissioner.  A certificate of exemption will be issued upon 
 the person's filing, on a form provided by the commissioner, a 
 statement indicating the basis on which the exemption is claimed 
 and, if applicable, the name and address of the state or federal 
 regulatory agency or body to which complaints regarding the 
 person's residential mortgage originating or servicing 
 activities may be directed. 

    HIST: 1998 c 343 art 1 s 5