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MN HF3015
Bill
Status
4/23/2012
Primary Sponsor
Joe Mullery
Click for details
AI Summary
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Prohibits foreclosures by advertisement on mortgages where the first published notice was not published prior to April 1, 2012
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Eliminates deficiency judgments for foreclosures (both by advertisement and by action) on homestead property not completed prior to April 1, 2012
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Allows deficiency judgments to continue for non-homestead property foreclosures and for homestead foreclosures completed before April 1, 2012
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Effective date of April 1, 2012 applies to both amended sections
Legislative Description
Future mortgage foreclosures by advertisement ineffectiveness, and homestead property foreclosure deficiency judgement unavailability by action or advertisement provided.
Last Action
Introduction and first reading, referred to Commerce and Regulatory Reform
4/23/2012