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