| Minnesota Criminal Justice Statute Service | Bureau of Criminal Apprehension

53B.66

Statute ID: 18788

Money Transmission - Criminal Penalties

In Effect

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Details are only available for Penalty and Charging Statutes.

Statute Number:

53B.66

Enactment Date:

May 24, 2023

Effective Date:

Jul 1, 2023

Expiration Date:

Repealed?:

Summary Text:

Money Transmission - Criminal Penalties

Statute ID:

18788

Created:

Jun 8, 2023 by mnjis.legal.analyst@state.mn.us

Updated:

Jun 8, 2023 by mnjis.legal.analyst@state.mn.us

Last Update Action:

Added

Legal Analyst Comment:

New C57 Art3 Sect53; Effective 07/01/2023

Summary Text:

Money Transmission - Criminal Penalties

Link to MN Statute Text:

https://www.revisor.leg.state.mn.us/stats/53B/66.html

Legislative Session:

2023 - Regular

Session Law Text?:

Statute text last updated on:

Jun 8, 2023

(a) A person who intentionally makes a false statement, misrepresentation, or false certification in a record filed or required to be maintained under this chapter or that intentionally makes a false entry or omits a material entry in a record filed or required to be maintained under this chapter is guilty of a felony.

(b) A person who knowingly engages in an activity for which a license is required under this chapter without being licensed under this chapter, and who receives more than $1,000 in compensation within a 30-day period from the activity, is guilty of a felony.

(c) A person who knowingly engages in an activity for which a license is required under this chapter without being licensed under this chapter, and who receives more than $500 but less than $1,000 in compensation within a 30-day period from the activity, is guilty of a gross misdemeanor.

(d) A person who knowingly engages in an activity for which a license is required under this chapter without being licensed under this chapter, and who receives no more than $500 in compensation within a 30-day period from the activity, is guilty of a misdemeanor.