Tag Archive: "Minnesota"
-
Minnesota Modifies Provisions Regarding Licensing Requirements
The state of Minnesota modified its provisions relating to residential mortgage originators licensing requirements that include licensing exemptions. These provisions are effective on August 1, 2019.
-
Minnesota Modifies Provisions Regarding Subprime References
The state of Minnesota modified its provisions by removing references to “subprime” from certain statutes. These provisions are effective on July 1, 2019.
-
Minnesota Enacts Provisions Regarding Revised Uniform Law on Notarial Acts
The State of Minnesota enacted provisions relating to its Revised Uniform Law on Notarial Acts. These provisions are effective on January 1, 2019.
-
Minnesota Publishes Dollar Amounts Regarding Consumer Credit Code Adjustments
The Minnesota Department of Commerce published its Consumer Credit Code Adjustments for 2018. Dollar amounts in the Regulated Loan Act and the Minnesota Consumer Credit Code will increase effective July 1, 2018.
-
Minnesota Modifies Provisions Regarding MLO Licensing Requirements
The state of Minnesota modified its provisions relating to mortgage loan originator continuing education requirements. These provisions are effective on August 1, 2018.
-
Minnesota Amends Recording Requirements Relating to Real Property
The Minnesota legislature passed House File 46, a bill concerning the recording of documents relating to real property. The amendments therein set forth new requirements and clarifications concerning the filing of certificates of value, recording, registration, use of electronic documents and other provisions affecting real estate.
-
Minnesota Amends Provisions Regarding Foreclosure
by Matthew Dailey, J.D.The state of Minnesota amended its provisions relating to the action to foreclose. Affected are the publication requirements and defenses to foreclosure sales. These provisions regarding advertisements are effective on July 1, 2015 and apply to foreclosures in which the notice of pendency is recorded on or after that date. The State […]
-
Minnesota Modifies Provisions Regarding Mortgage Foreclosure, Commerce and Notary Public Fees
By Lee Greenberg, J.D. June 2, 2015 The state of Minnesota recently modified provisions regarding mortgage foreclosure, commerce and notary public fees.Modified Provisions Regarding Mortgage Foreclosure Minnesota modified its provisions relating to mortgage foreclosure by amending the definition of a small servicer and clarifying the Foreclosure Curative Act in House Bill 2213. The legislation is […]
-
Recent Changes in Minnesota and Indiana Mortgage Law
by: Emily Ross, Esq. MinnesotaMinnesota recently amended the statutes controlling the procedure for release of mortgage liens on real property. In addition to small procedural changes to the statute, additional language was added to allow partial releases of liens to follow the same procedure as full releases. The statute states that a certificate of release […]