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MN HF4403

Bill

Official Source

Status

Introduced

3/16/2026

Primary Sponsor

Erin Koegel

Click for details

Origin

House of Representatives

94th Legislature 2025-2026

AI Summary

  • Removes the obsolete "Beginning January 1, 2025" effective date language from Minnesota's student loan lender registration statute (section 58B.051)
  • Maintains the requirement that lenders must register with the commissioner before offering or making student loans to Minnesota residents
  • Registration applications continue to require lender name, address, and names of officers, directors, owners, or controlling persons
  • Registrations expire December 31 annually and must be renewed each year
  • Commissioner retains authority to adopt registration procedures and nonrefundable fees, including use of the Nationwide Multistate Licensing System and Registry

Legislative Description

Commerce; obsolete dates eliminated.

Last Action

Introduction and first reading, referred to Commerce Finance and Policy

3/16/2026

Committee Referrals

Commerce Finance & Policy3/16/2026

Full Bill Text

No bill text available