1.1 	A bill for an act
1.2 	relating to real property; requiring transaction agents and servicers to disclose 
1.3 	information on owners of notes secured by mortgages for residential mortgage 
1.4 	loans;proposing coding for new law in Minnesota Statutes, chapter 58.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. [58.162] TRANSACTION AGENTS OR SERVICERS; DISCLOSURE 
1.7 	OF NOTE OWNER INFORMATION TO MORTGAGOR.
1.8 	Upon written request of a mortgagor, a transaction agent or servicer shall provide 
1.9 	in writing to the mortgagor the identity, address, and telephone number of the current 
1.10 	owner of the note secured by the mortgage, based on the transaction agent's or servicer's 
1.11 	actual knowledge. A transaction agent or servicer must provide the information within 
1.12 	ten business days of receipt of the request. Upon request of a mortgagor, a transaction 
1.13 	agent or servicer must provide this information without a fee once per calendar year. In 
1.14 	lieu of complying with this section, a transaction agent or servicer may comply with the 
1.15 	requirements of section 6(k) of the Real Estate Settlement Procedures Act, as amended 
1.16 	by section 1463 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, 
1.17 	regardless of whether those acts apply to the mortgage.