53A.081 ANNUAL REPORT AND INVESTIGATIONS.
Subdivision 1. Annual report.
On or before April 30, a licensee shall file an annual report
with the commissioner for the previous calendar year. The report must contain information that
the commissioner may reasonably require concerning, and for the purpose of examining, the
business and operations of each licensed currency exchange.
Subd. 2. Investigation.
The commissioner may at any time investigate the currency exchange
business of any licensee and of every person, partnership, association, and corporation engaged in
the business of operating a currency exchange in the manner provided under section
Subd. 3. Fees and expenses.
The licensee shall pay the costs of an examination or
investigation in the manner provided under section
60A.03, subdivision 5
Subd. 4. Classification of data.
Financial information on individuals and businesses that
is submitted to the commissioner in the annual report under subdivision 1 are private data on
individuals or nonpublic data.
History: 1992 c 504 s 7; 1996 c 439 art 1 s 6; 1Sp1997 c 3 s 19; 2001 c 208 s 2