HF 2431

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to county recorders; providing that the 
  1.3             county recorder may accept security deposits to 
  1.4             guarantee payment of charges; making conforming 
  1.5             changes; amending Minnesota Statutes 2002, section 
  1.6             386.78. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 2002, section 386.78, is 
  1.9   amended to read: 
  1.10     386.78 [SECURITY DEPOSITS.] 
  1.11     The county recorder in each county shall may accept 
  1.12  security deposits to guarantee payment of charges.  Any person 
  1.13  desiring to make such deposits may deposit any amount desired 
  1.14  with The county recorder who shall deposit this any accepted 
  1.15  security deposit in a security fund with the county treasurer.  
  1.16  The county treasurer may invest said funds and the income 
  1.17  therefrom shall be deposited in the general fund of the county. 
  1.18     The county recorder shall extend credit to any person who 
  1.19  has made such deposit up to the amount of the deposit. 
  1.20     Any person may withdraw any such deposit provided that any 
  1.21  unpaid items shall first be deducted therefrom, except that the 
  1.22  county recorder may require a reasonable minimum deposit be 
  1.23  maintained based on anticipated monthly charges of the depositor.