MN SF1208

Requires transaction agents or servicers to provide mortgagors with the identity, address, and telephone number of the current note owner within ten business days of written request, with one free disclosure per calendar year.

Modifies the definition of "negative trend" for life and health insurers by removing language limiting it to those specific insurer types.

Removes farmers mutual fire insurance companies (sections 67A.27-67A.39) from the definition of member insurers under the insurance guaranty fund and repeals all related statutory provisions for those companies.

Amends title insurance premium reserve requirements, reducing the minimum reserve from 8 percent to 6.5 percent of direct risk premiums and reinsurance income effective January 1, 2010.

Repeals Minnesota Rules part 2675.2170, item F, which restricted bank capitalization of permanent improvements to other real estate owned by banks.