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MN HF2705
Bill
Status
5/7/2012
Primary Sponsor
Pat Mazorol
Click for details
AI Summary
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Exempts licensed attorneys and direct employees of licensed attorneys from the real estate closing agent licensing requirements under Minnesota Statutes section 82.641 and related sections.
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Modifies the license requirement language to reference the exemptions in subdivision 6, clarifying that certain persons do not need to be licensed to act as closing agents.
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Maintains existing exemptions for title insurance companies, real estate brokers and salespersons, banks and credit unions, and other financial institutions when performing closing services within their corporate powers.
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Effective the day following final enactment for both amended provisions.
Legislative Description
Closing agents regulated, and licensed attorneys and direct employees of licensed attorneys exempted from the licensing requirements for closing agents.
Last Action
Secretary of State Chapter 260 05/01/12
5/7/2012