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MN SF440

Bill

Status

Passed

3/23/2021

Primary Sponsor

Mark Johnson

Click for details

Origin

Senate

92nd Legislature 2021-2022

AI Summary

  • Requires the record owner of tax-forfeited property to be listed as grantee when the commissioner of revenue issues a quitclaim deed, or their estate if the owner is deceased at time of redemption expiration or payment certification.

  • Modifies tax-forfeited land repurchase procedures by establishing new sections 282.302, 282.303, and 282.304 to clarify deed conveyance rules and recordation requirements effective July 1, 2021.

  • Replaces terminology "foreclosure consultant" with "solicitor" and "foreclosed homeowner" with "owner" throughout Minnesota Statutes Chapter 325N governing foreclosure equity purchaser activities.

  • Extends statute of limitations for private cause of action against solicitors from four to six years in section 325N.06 and clarifies that property reconveyance contracts must comply with federal Home Ownership Equity Protection Act requirements.

  • Provides automatic stay in eviction actions when defendant makes prima facie showing of foreclosure property reconveyance violations, with stay expiring upon failure to commence action within 90 days or court order lifting the stay.

Legislative Description

Real property ownership definitions clarification; record owner listed as grantee in tax-forfeited land sales requirement

Last Action

Secretary of State, Filed

3/23/2021

Committee Referrals

Civil Law and Data Practices Policy1/28/2021

Full Bill Text

No bill text available