1.1.................... moves to amend H.F. No. 343 as follows:
1.2Delete everything after the enacting clause and insert:

1.3    "Section 1. Minnesota Statutes 2010, section 53B.18, is amended to read:
1.5No licensee shall:
1.6(1) fail to comply with chapter 345 as it relates to unclaimed property requirements;
1.7(2) refuse to indemnify an instrument holder for any misappropriation of money
1.8caused by any of its authorized delegates in conducting activities on behalf of the licensee
1.9for whom it acts as an authorized delegate; or
1.10(3) fail to transmit all money received for wire transmission in accordance with the
1.11purchaser's instructions within five days; or
1.12(4) fail to comply with section 299L.11.

1.15    Subdivision 1. Definition; money transmitter. For purposes of this section, "money
1.16transmitter," "entity that originates money transfers," or similar terms mean all entities
1.17licensed, or required to be licensed, under chapter 53B.
1.18    Subd. 2. Designation of specific recipient required. (a) A money transmitter doing
1.19business in this state must, for all money transfers in excess of $100, excluding taxes
1.20and fees, designate the transaction as being sent to a specified individual for receipt at a
1.21specified location, as specified by the sender and not by the money transmitter.
1.22(b) To collect the funds, the designated recipient must be required to (1) show
1.23a government-issued photo identification card which matches the name specified by
1.24the sender; and (2) be present at the location specified by the sender. If either of these
1.25requirements is not met, the money transmitter must suspend the transfer and notify the
2.1sender of the discrepancy. The transfer may then be completed only with the actual
2.2written consent of the sender."
2.3Amend the title accordingly