Various Department of Commerce governed or administered provisions modifications
SF 2476 makes technical updates to Minnesota statutes governing the Department of Commerce. It modifies fee structures for license databases (adding a $40 technology surcharge for licenses requiring continuing education), updates notice requirements for financial institutions closing or transferring accounts (mandating 30-day written notice to account holders), and adjusts rules for permissible investments by money transmission licensees. These changes primarily affect licensed professionals (like healthcare or financial services providers), financial institutions, and the Department of Commerce itself in administering existing systems. The bill focuses on administrative adjustments rather than new policy, streamlining how fees are collected and how institutions communicate with customers about account changes.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 13, 2025
Last action Mar 13, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 13, 2025
Committee
Referred to Commerce and Consumer Protection
upper
Mar 13, 2025
Introduced
Introduction and first reading
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Matt Klein
DDemocratic-Farmer-Labor
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