factual

For Learningrx SBA loan applicants in North Dakota, who serves as the Securities Commissioner?

Learningrx Franchise · 2025 FDD

Answer from 2025 FDD Document

STATE AGENT FOR
STATE ADMINISTRATOR SERVICE OF PROCESS
Minnesota Department of Commerce Minnesota Commissioner of Commerce
85 7th Place East, Suite 280
MINNESOTA Same Address
St. Paul, MN 55101
651-539-1500
Department of Banking and Finance Same
Bureau of Securities/Financial Institutions
Division
1526 K Street, Suite 300
NEBRASKA Lincoln, NE 68508-2732
P.O. Box 95006
Lincoln, Nebraska 68509-5006
Tele: 402-471-2171
NYS Department of Law Secretary of State of New York
Investor Protection Bureau 99 Washington Avenue
NEW YORK 28 Liberty St. 21st Fl. Albany, New York 12231
New York, NY 10005
212-416-8285
North Dakota Securities Department Securities Commissioner
600 East Boulevard Avenue Same Address
NORTH DAKOTA State Capitol, Fourteenth
Floor, Dept 414
Bismarck, ND 58505-0510
701-328-4712; Fax: 701-328-0140

Source: Item 23 — RECEIPT (FDD pages 54–209)

What This Means (2025 FDD)

According to Learningrx's 2025 Franchise Disclosure Document, the agent for service of process in North Dakota is the Securities Commissioner. The North Dakota Securities Department is located at 600 East Boulevard Avenue, State Capitol, Fourteenth Floor, Dept 414, Bismarck, ND 58505-0510. The phone number is 701-328-4712, and the fax number is 701-328-0140.

This information is relevant for Learningrx franchisees in North Dakota because it specifies where legal documents related to the franchise can be officially served. This is particularly important if a franchisee needs to take legal action against Learningrx or vice versa. Knowing the correct agent for service of process ensures that any legal proceedings are properly initiated and that all parties receive the necessary notifications.

It is important to note that this information pertains specifically to service of process, which is a legal term for formally delivering documents to a party in a lawsuit or other legal action. While the Securities Commissioner is the agent for service of process, other state officials or departments may be relevant for different types of interactions with the state government. Franchisees should consult with legal counsel to understand the full scope of their rights and obligations under North Dakota law.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.