Licenses are issued after consideration of the experience, character, and general fitness of the officer or manager in charge of the licensed office.
Changes of such managing officer which occur must be reported promptly, in writing, to the commissioner of commerce, in advance of the effective date of change when circumstances permit, but in any event within ten days of such transfer.
Minn. R. agency 120, ch. 2675, LICENSED REGULATED LENDERS, pt. 2675.4150
Statutory Authority: MS s 56.21