Which state agency has the authority to conduct examinations and investigations of mortgage licensees in Minnesota?

The Department of Commerce is responsible for overseeing the licensing and regulation of mortgage professionals, including mortgage loan originators, in Minnesota. This agency has the authority to conduct examinations and investigations of mortgage licensees to ensure compliance with state laws and regulations. The Department of Commerce plays a crucial role in protecting consumers by ensuring that licensed mortgage professionals operate fairly and within the legal framework.

While other agencies or boards may have related roles or responsibilities in the financial sector, it is the Department of Commerce that has the explicit authority for examining and investigating mortgage licensees. This authority is vital for maintaining the integrity of the licensing process and ensuring that mortgage practices align with state standards.