MN SF4164

Expands the definition of "financial institution" to include sales finance companies (chapter 53C), regulated lenders (chapter 56), and mortgage originators/servicers (chapter 58) for purposes of loan-making authority and related regulations

Modifies virtual currency business requirements by replacing the six-month average valuation method with specific conditions under which licensees may count virtual currency assets toward tangible net worth calculations

Increases the minimum surety bond requirement for residential mortgage originator and servicer license applicants from $100,000 to $125,000

Requires licensees offering services via the Internet to clearly display their license number on each webpage or document required by commissioner order

Repeals the $150 annual license fee for regulated lenders and eliminates accreditation requirements for debt management and debt settlement services providers