HF 3774

FIRST ENGROSSMENT

Minnesota Residential Mortgage Originator and Servicer Licensing Act application clarified, records retention periods modified, and insurer investment authority clarified.

Section 1: Residential mortgage loan language is modified.

Section 2: Residential real property; residential real estate language is modified.

Section 3: Documentation and resolution of complaints language is modified.

Section 4: Trust account records for mortgage originators language is modified.

Section 5: Record retention language is modified.

Section 6: General considerations language is modified.

SNA 3/24/08