This document pertains to the Minnesota Administrative Rules governing the Commerce Department’s Financial Institutions. It provides definitions for various terms used in Minnesota Statutes, sections 47.61 to 47.74, and parts 2675.8100 to 2675.8190. The defined terms include ‘Act’ referring to Minnesota Statutes, sections 47.61 to 47.74, ‘Card’ referring to the access device used to activate a terminal, ‘Card issuer’ referring to a financial institution or authorized person providing the use of a terminal, ‘Control’ referring to ownership or leasehold interest in a terminal, ‘Customer’ referring to a person with a contractual relationship with a financial institution for terminal transactions, ‘Operator’ referring to a person assisting in terminal transactions, ‘Person’ referring to any individual or entity, ‘Personal identification code’ referring to the confidential code necessary for a terminal transaction, ‘Provider’ referring to the person having control over a terminal, ‘Terminal’ referring to an electronic financial terminal, and ‘Transaction’ referring to a financial function performed at a terminal.

This document, governed by Minnesota Statutes, section 47.71, and published under the authority of the Commerce Department, specifically relates to the operation of electronic funds transfer terminals. It establishes an application procedure, minimum technical operation standards, and disclosure requirements for customers using such terminals. The purpose of this document is to inform, guide, and protect consumers, retailers, and financial institutions in the utilization of electronic financial terminal systems. It also sets out specific requirements concerning the issuance of cards, disclosures of pertinent information, and reporting of data relating to financial transactions initiated at electronic financial terminals.

This document outlines the requirements for obtaining authorization to establish and maintain electronic financial terminals. It applies to any person, excluding state or federal savings associations, savings banks, credit unions, state or national banks, who wishes to establish and maintain a terminal or terminals at a specific location. The application must be submitted to the commissioner at least 45 days before the establishment of the terminal(s). The application should include information such as the name and address of the controlling person, descriptive information about the terminals, details about the transactions to be performed, schedule of charges, operational information, agreements related to the terminal, security and privacy procedures, and evidence of compliance with relevant statutes.

Notice to commissioner: A. The commissioner shall be given written notice by the applicant not less than 30 days prior to the change of control or change of the operator of any terminal or terminals. For purposes of this item, ‘operator’ does not include individual employees of a provider or retailer. B. The commissioner shall be given written notice by the applicant of the termination of terminal operations at the location authorized not more than ten days after termination of all regulated activity.

This legal document, governed by the Minnesota Administrative Rules under the Commerce Department for Financial Institutions, outlines the customer disclosure requirements for financial institutions. It specifies the information that must be disclosed to customers in writing or through electronic communications when a card is issued or when cards meeting certain requirements are outstanding. The required disclosures include the types of financial transactions available, schedule of charges, restrictions or limits on transactions, frequency of sending periodic transaction statements, procedure for reporting errors, termination of the card agreement, time needed to complete transactions, reversal of transactions made through a terminal, liability for unauthorized withdrawals, civil action rights for customers, and privacy protection for electronic financial terminals.

A financial institution shall provide each customer with a periodic transaction statement at least quarterly. The statement shall include, but need not be limited to, the following: date of transaction, amount of each transaction, and type of each transaction, which may be in clear and understandable abbreviations or codes. Statutory Authority: MS s 47.71 Published Electronically: September 14, 2007

For purposes of Minnesota Statutes, section 47.67 , notices on the site of a terminal intended to inform the customer of the operational characteristics, source of assistance or service, or fees or charges relating specifically to the use of the terminal are not considered prohibited advertising. Statutory Authority: MS s 45.023 ; 47.71 History: 22 SR 1711 Published Electronically: September 14, 2007

The limitation on the financial transactions authorized to be performed at a terminal does not prohibit using the terminal’s capability to: A. dispense funds authorized and initiated by a government agency solely for the purpose of electronic benefit transfer purposes; or B. deliver other consumer convenience services. These consumer convenience services include, but are not limited to, services that affect the payment for and dispense postage stamps, tickets, coupons, phone cards, or other media under agreements with affiliated or nonaffiliated businesses.

This document, part of the Minnesota Administrative Rules under the Gambling Control Board, provides restrictions and requirements for sports-themed tipboards. It applies to organizations conducting these games. The document covers various aspects of sports-themed tipboards, including the approval of professional sporting events, restrictions on transferring games between premises, rules for opening and revealing tipboard seals, selling tickets at the preprinted price, redeeming tickets sold by another organization, and the prohibition of progressive or cumulative tipboards.

The provided legal document content covers a wide range of topics related to financial institutions, loans, investments, real estate loans, securities, safe deposit boxes, internal control systems, examination reports, examining authority, opinion audits, agreed upon procedures examination, liquidity requirements, mortgage loans, other real estate, certificates of indebtedness, delinquent loans, books and records, credit unions, regulated loan act, industrial loan and thrift companies, insurance in credit unions, electronic funds transfer terminals, and customer disclosure requirements for financial institutions.