DISCLAIMER

 

07-0045R

 

RESOLUTION APPROVING THE RENEWAL OF A MINNESOTA CURRENCY EXCHANGE LICENSE TO THE TITLE LOAN COMPANY, INC., DBA MONEY XCHANGE.

BY COUNCILOR KRAUSE:

     RESOLVED, that the Duluth City Council hereby approves of the Minnesota department of commerce issuing a license to conduct the business of a currency exchange at 101 East Superior Street to The Title Loan Company, Inc., dba Money Xchange.


STATEMENT OF PURPOSE: By Minnesota Statute 53A-04, the Minnesota Legislature enacted changes to the licensing law under which currency exchanges are regulated. The governing body of the city in which the currency business is going to operate must concur in the issuance of a currency exchange license by the commissioner of commerce.