Minnesota Statutes
§ 56.18 — UNLICENSED PERSONS NOT TO MAKE LOANS
Minnesota § 56.18
This text of Minnesota § 56.18 (UNLICENSED PERSONS NOT TO MAKE LOANS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Minn. Stat. § 56.18 (2026).
Text
No person, except as authorized in this chapter, shall, directly or indirectly, charge, contract for, or receive any interest, discount, or consideration greater than the lender would be permitted by law to charge if that person were not authorized hereunder upon the loan, use, or forbearance of money, goods, or things in action, or upon the loan, use, or sale of credit of the amount regulated by this chapter.
The foregoing prohibition shall apply to any person who, by any device, subterfuge, or pretense, shall charge, contract for, or receive greater interest, consideration, or charges than is authorized by this chapter for any such loan, use or forbearance of money, goods, or things in action, or for any such loan, use or sale of credit.
No loan made by a person not authorized hereunder
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Legislative History
(7774-58)1939 c 12 s 18;1959 c 573 s 12;1967 c 261 s 7;1974 c 412 s 7;1981 c 258 s 17; 1986 c 444
Nearby Sections
15
§ 56.0001
CITATION§ 56.001
DEFINITIONS§ 56.002
APPLICATION§ 56.01
NECESSITY OF LICENSE§ 56.02
APPLICATION FEE§ 56.05
LICENSE; TO BE POSTED§ 56.07
CONTROL OVER LOCATION§ 56.08
ANNUAL LICENSE FEE§ 56.125
OPEN-END LOANS§ 56.131
MAXIMUM RATES AND CHARGESCite This Page — Counsel Stack
Bluebook (online)
Minnesota § 56.18, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/56.18.