Skip to main content Skip to office menu Skip to footer
Capital Icon Minnesota Legislature

Office of the Revisor of Statutes

SF 2917 Senate Long Description

2E Relating to manufactured housing; providing for regulation of lending practices and default for manufactured homes; specifying certain default notice requirements; requiring certain second notice requirements and right to reinstate loan by paying defaulted amount; providing for voluntary repossession under certain conditions; modifying cure of default provisions; defining certain terms; providing for the occurrence of negative amortization; specifying certain standards of conduct for manufactured home lenders, exceptions; specifying certain allowed interest, points, finance changes, fees and other charges; prohibiting imposition of prepayment penalties; permitting exemptions for manufactured home loans originated by a federal or state chartered bank, savings bank or credit union
(ra)