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MN SF2550
Bill
Status
Introduced
3/23/2012
Primary Sponsor
Chris Eaton
Click for details
AI Summary
- Prohibits mortgage lenders or brokers from charging fees for services that were not actually provided in connection with mortgage loan origination
- Prohibits mortgage lenders or brokers from charging fees or charges that exceed the actual cost paid to third parties for products or services provided through them
- Adds new section 47.223 to Minnesota Statutes, chapter 47
- Applies to all mortgage lending and brokerage transactions in Minnesota
Legislative Description
Mortgage lenders and brokers fees for nonservices prohibition
Last Action
Referred to Commerce and Consumer Protection
3/23/2012
Committee Referrals
Commerce and Consumer Protection3/23/2012
Full Bill Text
No bill text available