Minnesota § 58B.04 LICENSING MULTIPLE PLACES OF BUSINESS

Minnesota Statutes

§ 58B.04 — LICENSING MULTIPLE PLACES OF BUSINESS

Minnesota § 58B.04

PartBANKING

Ch. 58BSTUDENT LOAN BORROWER BILL OF RIGHTS

This text of Minnesota § 58B.04 (LICENSING MULTIPLE PLACES OF BUSINESS) 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. § 58B.04 (2026).

Text

A person licensed to act as a student loan servicer in this state is prohibited from servicing student loans under any other name or at any other place of business than that named in the license. Any time a student loan servicer changes the location of the servicer's place of business, the servicer must provide prior written notice to the commissioner. A student loan servicer may not maintain more than one place of business under the same license. The commissioner may issue more than one license to the same student loan servicer, provided that the servicer complies with the application procedures in section58B.03for each license.

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A person licensed to act as a student loan servicer in this state is prohibited from servicing student loans under any other name or at any other place of business than that named in the license. Any time a student loan servicer changes the location of the servicer's place of business, the servicer must provide prior written notice to the commissioner. A student loan servicer may not maintain more than one place of business under the same license. The commissioner may issue more than one license to the same student loan servicer, provided that the servicer complies with the application procedures in section58B.03for each license.