There is a newer version of the Minnesota Statutes
2011 Minnesota Statutes
Chapters 46 - 59 — Banking
Chapter 56 — Regulated Loans
Section 56.25 — Licensee to Be Responsible
MN Stat § 56.25 (1996 through Reg Sess) What's This?
56.25 LICENSEE TO BE RESPONSIBLE. The licensee hereunder shall, at all times, be beholden and liable to the commissioner for all acts and proceedings taken by assignees, assigns, endorsees, and transferees in enforcing, and as to the method of enforcing, collection of any obligation taken hereunder, as fully and to the same extent as though the same were taken by the licensee hereunder.
History:
(7774-65) 1939 c 12 s 25; 1986 c 444
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