<a id="pl.1.3"></a><var>1.3</var>acknowledgments; providing for cancellation of residential purchase agreements; <br/>
<a id="pl.1.4"></a><var>1.4</var>clarifying redemption period for foreclosure of certain mortgages; clarifying an <br/>
<a id="pl.1.5"></a><var>1.5</var>effective date for certain child support judgments;amending Minnesota Statutes <br/>
<a id="pl.1.6"></a><var>1.6</var>2010, sections 272.15; 358.50; 559.217, subdivisions 3, 4, 8; 580.23, subdivision <br/>
<a id="pl.1.7"></a><var>1.7</var>2; Laws 2010, chapter 238, section 7, as amended.<br/>
<a id="pl.1.8"></a><var>1.8</var>BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:<br/>
<br/>
<a id="bill.0.1.0"></a><a id="pl.1.9"></a><var>1.9</var>    Section 1. Minnesota Statutes 2010, section 272.15, is amended to read:<br/>
<a id="pl.1.10"></a><var>1.10</var><b>272.15 DEED TO CORRECT TITLE.</b><br/>
<a id="pl.1.11"></a><var>1.11</var>When a deed purporting to convey or quitclaim any parcel of land, the record title <br/>
<a id="pl.1.12"></a><var>1.12</var>to which appears to be in two or more persons, be a corrective deed is presented to the <br/>
<a id="pl.1.13"></a><var>1.13</var>county attorney, accompanied by an abstract of title to such the land described in the deed, <br/>
<a id="pl.1.14"></a><var>1.14</var>or other evidence deemed satisfactory by the county attorney, the attorney shall examine <br/>
<a id="pl.1.15"></a><var>1.15</var>such deed and, abstract, or other evidence presented, upon tender of a fee of $5 therefor. <br/>
<a id="pl.1.16"></a><var>1.16</var>On finding that such deed is given for the purpose of correcting a defect in the title, or on <br/>
<a id="pl.1.17"></a><var>1.17</var>account of a technical error in a prior conveyance, the attorney shall so certify upon the <br/>
<a id="pl.1.18"></a><var>1.18</var>deed; and thereupon the county recorder shall record it, if otherwise entitled to record, <br/>
<a id="pl.1.19"></a><var>1.19</var>notwithstanding that there are unpaid taxes or assessments upon such land.<br/>
<br/>
<a id="bill.0.2.0"></a><a id="pl.1.20"></a><var>1.20</var>    Sec. 2. Minnesota Statutes 2010, section 358.50, is amended to read:<br/>
<a id="pl.1.21"></a><var>1.21</var><b>358.50 EFFECT OF ACKNOWLEDGMENT.</b><br/>
<a id="pl.1.22"></a><var>1.22</var>    An acknowledgment made in a representative capacity for and on behalf of a <br/>
<a id="pl.1.23"></a><var>1.23</var>corporation, partnership, limited liability company, trust, or other entity as defined in <br/>
<a id="pl.1.24"></a><var>1.24</var>section 358.41, clause (4), and certified substantially in the form prescribed in this chapter <br/>
<a id="pl.2.1"></a><var>2.1</var>is prima facie evidence that the instrument or electronic record was executed and delivered <br/>
<a id="pl.2.2"></a><var>2.2</var>with proper authority and as the act of the person or entity represented and identified in the <br/>
<a id="pl.2.3"></a><var>2.3</var>instrument or electronic record.<br/>
<br/>
<a id="bill.0.3.0"></a><a id="pl.2.4"></a><var>2.4</var>    Sec. 3. Minnesota Statutes 2010, section 559.217, subdivision 3, is amended to read:<br/>
<a id="pl.2.5"></a><var>2.5</var>    Subd. 3. <b>Cancellation with right to cure.</b> (a) If a default occurs or an unfulfilled <br/>
<a id="pl.2.6"></a><var>2.6</var>condition exists after the date specified for fulfillment in the terms of a purchase agreement <br/>
<a id="pl.2.7"></a><var>2.7</var>for the conveyance of residential real property, which does not by its terms cancel the <br/>
<a id="pl.2.8"></a><var>2.8</var>purchase agreement, the purchaser or the seller may initiate a cancellation by serving <br/>
<a id="pl.2.9"></a><var>2.9</var>upon the other party to the purchase agreement and any third party that is holding earnest <br/>
<a id="pl.2.10"></a><var>2.10</var>money under the purchase agreement a notice:<br/>
<a id="pl.2.11"></a><var>2.11</var>(1) specifying the residential real property that is the subject of the purchase <br/>
<a id="pl.2.12"></a><var>2.12</var>agreement, including the legal description;<br/>
<a id="pl.2.13"></a><var>2.13</var>(2) specifying the purchase agreement by date and names of parties, and the <br/>
<a id="pl.2.14"></a><var>2.14</var>unfulfilled condition or default; and<br/>
<a id="pl.2.15"></a><var>2.15</var>(3) stating that the purchase agreement will be canceled 15 days after service of the <br/>
<a id="pl.2.16"></a><var>2.16</var>notice upon the other party to the purchase agreement unless prior to the cancellation date <br/>
<a id="pl.2.17"></a><var>2.17</var>the party upon whom the notice is served complies with the conditions in default and <br/>
<a id="pl.2.18"></a><var>2.18</var>completes the unfulfilled conditions, including, if applicable, completion of the purchase <br/>
<a id="pl.2.19"></a><var>2.19</var>or sale of the residential real property according to the terms of the purchase agreement.<br/>
<a id="pl.2.20"></a><var>2.20</var>(b) The notice to initiate a cancellation under this subdivision must be served in the <br/>
<a id="pl.2.21"></a><var>2.21</var>manner provided in section 
         <statute_ref>559.21, subdivision 4</statute_ref>, paragraphs (a) and (b). The notice <br/>
<a id="pl.2.22"></a><var>2.22</var>required by this subdivision must be given notwithstanding any provisions in the purchase <br/>
<a id="pl.2.23"></a><var>2.23</var>agreement to the contrary.<br/>
<a id="pl.2.24"></a><var>2.24</var>(c) The purchase agreement is canceled unless, within 15 days after the service of <br/>
<a id="pl.2.25"></a><var>2.25</var>the notice upon the other party to the purchase agreement, the party upon whom the notice <br/>
<a id="pl.2.26"></a><var>2.26</var>was served fully complies with the conditions in default and completes the unfulfilled <br/>
<a id="pl.2.27"></a><var>2.27</var>conditions or secures from a court an order suspending the cancellation.<br/>
<br/>
<a id="bill.0.4.0"></a><a id="pl.2.28"></a><var>2.28</var>    Sec. 4. Minnesota Statutes 2010, section 559.217, subdivision 4, is amended to read:<br/>
<a id="pl.2.29"></a><var>2.29</var>    Subd. 4. <b>Declaratory cancellation.</b> (a) If an unfulfilled condition exists after the <br/>
<a id="pl.2.30"></a><var>2.30</var>date specified for fulfillment in the terms of a purchase agreement for the conveyance <br/>
<a id="pl.2.31"></a><var>2.31</var>of residential real property, which by the terms of the purchase agreement cancels the <br/>
<a id="pl.2.32"></a><var>2.32</var>purchase agreement, either the purchaser or the seller may confirm the cancellation by <br/>
<a id="pl.2.33"></a><var>2.33</var>serving upon the other party to the purchase agreement and any third party that is holding <br/>
<a id="pl.2.34"></a><var>2.34</var>earnest money under the purchase agreement a notice:<br/>
<a id="pl.3.1"></a><var>3.1</var>(1) specifying the residential real property that is the subject of the purchase <br/>
<a id="pl.3.2"></a><var>3.2</var>agreement, including the legal description;<br/>
<a id="pl.3.3"></a><var>3.3</var>(2) specifying the purchase agreement by date and names of parties, and the <br/>
<a id="pl.3.4"></a><var>3.4</var>unfulfilled condition; and<br/>
<a id="pl.3.5"></a><var>3.5</var>(3) stating that the purchase agreement has been canceled.<br/>
<a id="pl.3.6"></a><var>3.6</var>(b) The notice to initiate a cancellation under this subdivision must be served in the <br/>
<a id="pl.3.7"></a><var>3.7</var>manner provided in section 
         <statute_ref>559.21, subdivision 4</statute_ref>, paragraphs (a) and (b). The notice <br/>
<a id="pl.3.8"></a><var>3.8</var>required by this subdivision may be given notwithstanding any provisions in the purchase <br/>
<a id="pl.3.9"></a><var>3.9</var>agreement to the contrary.<br/>
<a id="pl.3.10"></a><var>3.10</var>(c) The cancellation of the purchase agreement is complete, unless, within 15 <br/>
<a id="pl.3.11"></a><var>3.11</var>days after the service of the notice upon the other party to the purchase agreement, the <br/>
<a id="pl.3.12"></a><var>3.12</var>party upon whom the notice was served secures from a court an order suspending the <br/>
<a id="pl.3.13"></a><var>3.13</var>cancellation.<br/>
<br/>
<a id="bill.0.5.0"></a><a id="pl.3.14"></a><var>3.14</var>    Sec. 5. Minnesota Statutes 2010, section 559.217, subdivision 8, is amended to read:<br/>
<a id="pl.3.15"></a><var>3.15</var>    Subd. 8. <b>Attorney as agent for service.</b> Any attorney authorized to serve the <br/>
<a id="pl.3.16"></a><var>3.16</var>notice of cancellation by a party initiating a cancellation under this section is designated <br/>
<a id="pl.3.17"></a><var>3.17</var>as the attorney who may receive service as agent for the party initiating the cancellation <br/>
<a id="pl.3.18"></a><var>3.18</var>of all summons, complaints, orders, and motions made in connection with an action by <br/>
<a id="pl.3.19"></a><var>3.19</var>the party upon whom the notice is served to restrain the cancellation, and any responsive <br/>
<a id="pl.3.20"></a><var>3.20</var>notice of cancellation as described in subdivision 2. Service in the action and service of a <br/>
<a id="pl.3.21"></a><var>3.21</var>responsive notice of cancellation may be made upon the party initiating the cancellation <br/>
<a id="pl.3.22"></a><var>3.22</var>by personal service or by mailing a copy of the process or notice to such party or to such <br/>
<a id="pl.3.23"></a><var>3.23</var>party's attorney, by first class mail, postage prepaid, to the address stated in the notice. <br/>
<a id="pl.3.24"></a><var>3.24</var>Service upon a party by first class mail shall be effective upon delivery to the address <br/>
<a id="pl.3.25"></a><var>3.25</var>stated in the notice.<br/>
<br/>
<a id="bill.0.6.0"></a><a id="pl.3.26"></a><var>3.26</var>    Sec. 6. Minnesota Statutes 2010, section 580.23, subdivision 2, is amended to read:<br/>
<a id="pl.3.27"></a><var>3.27</var>    Subd. 2. <b>12-month redemption period.</b> Notwithstanding the provisions of <br/>
<a id="pl.3.28"></a><var>3.28</var>subdivision 1 hereof, when lands have been sold in conformity with the preceding sections <br/>
<a id="pl.3.29"></a><var>3.29</var>of this chapter, the mortgagor, the mortgagor's personal representatives or assigns, within <br/>
<a id="pl.3.30"></a><var>3.30</var>12 months after such sale, may redeem such lands in accordance with the provisions <br/>
<a id="pl.3.31"></a><var>3.31</var>of payment of subdivision 1 thereof, if:<br/>
<a id="pl.3.32"></a><var>3.32</var>(1) the mortgage was executed prior to July 1, 1967;<br/>
<a id="pl.3.33"></a><var>3.33</var>(2) the amount claimed to be due and owing as of the date of the notice of foreclosure <br/>
<a id="pl.3.34"></a><var>3.34</var>sale is less than 66-2/3 percent of the original principal amount secured by the mortgage;<br/>
<a id="pl.4.1"></a><var>4.1</var>(3) the mortgage was executed prior to July 1, 1987, and the mortgaged premises, as <br/>
<a id="pl.4.2"></a><var>4.2</var>of the date of the execution of the mortgage, exceeded ten acres in size;<br/>
<a id="pl.4.3"></a><var>4.3</var>(4) the mortgage was executed prior to August 1, 1994, and the mortgaged premises, <br/>
<a id="pl.4.4"></a><var>4.4</var>as of the date of the execution of the mortgage, exceeded ten acres but did not exceed 40 <br/>
<a id="pl.4.5"></a><var>4.5</var>acres in size and was in agricultural use as defined in section 
         <statute_ref>40A.02, subdivision 3</statute_ref>; <br/>
<a id="pl.4.6"></a><var>4.6</var>(5) the mortgaged premises, as of the date of the execution of the mortgage, <br/>
<a id="pl.4.7"></a><var>4.7</var>exceeded 40 acres in size; or<br/>
<a id="pl.4.8"></a><var>4.8</var>(6) the mortgage was executed on or after August 1, 1994, and the mortgaged <br/>
<a id="pl.4.9"></a><var>4.9</var>premises, as of the date of the execution of the mortgage, exceeded ten acres but did <br/>
<a id="pl.4.10"></a><var>4.10</var>not exceed 40 acres in size and was in agricultural use. For purposes of this clause, "in <br/>
<a id="pl.4.11"></a><var>4.11</var>agricultural use" means that at least a portion of the mortgaged premises was classified <br/>
<a id="pl.4.12"></a><var>4.12</var>for ad valorem tax purposes as:<br/>
<a id="pl.4.13"></a><var>4.13</var>(i) class 2a agricultural homestead property under section 
         <statute_ref>273.13, subdivision 23</statute_ref>; <br/>
<a id="pl.4.14"></a><var>4.14</var>(ii) class 2b rural or agricultural nonhomestead property under section 
         <statute_ref>273.13, <br/>
<a id="pl.4.15"></a><var>4.15</var>subdivision 23
         </statute_ref>; <br/>
<a id="pl.4.16"></a><var>4.16</var>(iii) class 1b agricultural homestead property under section 
         <statute_ref>273.13, subdivision <br/>
<a id="pl.4.17"></a><var>4.17</var>22
         </statute_ref>; or <br/>
<a id="pl.4.18"></a><var>4.18</var>(iv) exempt wetlands under section 
         <statute_ref>272.02, subdivision 11</statute_ref>.; or<br/>
<a id="pl.4.19"></a><var>4.19</var>(7) the mortgage qualifies as a reverse mortgage as defined in section 47.58.<br/>
<br/>
<a id="bill.0.7.0"></a><a id="pl.4.20"></a><var>4.20</var>    Sec. 7. Laws 2010, chapter 238, section 7, as amended by Laws 2010, chapter 371, <br/>
<a id="pl.4.21"></a><var>4.21</var>section 5, is amended to read:<br/>
<a id="pl.4.22"></a><var>4.22</var>    Sec. 7. <b>EFFECTIVE DATE; APPLICATION.</b><br/>
<a id="pl.4.23"></a><var>4.23</var>Sections 2 and 3 are effective January 1, 2011. Sections 4 to 6 are effective July <br/>
<a id="pl.4.24"></a><var>4.24</var>1, 2011 January 1, 2013, and apply retroactively to child support judgments, including <br/>
<a id="pl.4.25"></a><var>4.25</var>judgments by operation of law, that have not expired before July 1, 2011 January 1, 2013.<br/>
<a id="pl.4.26"></a><var>4.26</var><b>EFFECTIVE DATE.</b>This section is effective the day following final enactment.<br/>
<br/>
<a id="bill.0.8.0"></a><a id="pl.4.27"></a><var>4.27</var>    Sec. 8. <b>EFFECTIVE DATE.</b><br/>
<a id="pl.4.28"></a><var>4.28</var>(a) Sections 3 to 5 are effective August 1, 2011, and apply to any Notice of <br/>
<a id="pl.4.29"></a><var>4.29</var>Cancellation of Purchase Agreement or Responsive Notice of Cancellation of Purchase <br/>
<a id="pl.4.30"></a><var>4.30</var>Agreement served on or after that date.<br/>
<a id="pl.4.31"></a><var>4.31</var>(b) Section 6 is effective the day following final enactment and applies to <br/>
<a id="pl.4.32"></a><var>4.32</var>foreclosures of reverse mortgages in which the notice of foreclosure was published on or <br/>
<a id="pl.4.33"></a><var>4.33</var>after the effective date.<br/>