Minnesota Office of the Revisor of Statutes

Accessibility menu

Bills use visual text formatting such as stricken text to denote deleted language, and underlined text to denote new language. For users of the jaws screenreader it is recommended to configure jaws to use the proofreading scheme which will alter the pitch of the reading voice when reading stricken and underlined text. Instructions for configuring your jaws reader are provided by following this link.
If you can not or do not wish to configure your screen reader, deleted language will begin with the phrase "deleted text begin" and be followed by the phrase "deleted text end", new language will begin with the phrase "new text begin" and be followed by "new text end". Skip to text of SF 1448.


Revisor of Statutes Menu

SF 1448

as introduced - 88th Legislature (2013 - 2014) Posted on 03/19/2013 09:19am

KEY: stricken = removed, old language. underscored = added, new language.


Version List Authors and Status

A bill for an act
relating to real estate; foreclosure forbearance for unemployed long-term
homeowners;proposing coding for new law in Minnesota Statutes, chapter 580.


Section 1.


(a) Upon request and proof of eligibility provided by the mortgagor, a mortgagee
shall defer commencement or continuation of a mortgage foreclosure for at least 12
months for mortgagors: (1) who have lived in their current home that is subject to the
mortgage for at least ten years; and (2) at least one of whom is unemployed and eligible
for unemployment compensation or whose eligibility for it has expired.

(b) Mortgagors who qualify under paragraph (a) and have lived in their current home
that is subject to the mortgage for at least 20 years may request, and the mortgagee must
provide, a deferral of commencement or continuation of foreclosure of at least 24 months.

(c) A mortgagor may request and receive a deferral under paragraph (a) or (b) at
any time before or during a foreclosure.

(d) Interest may continue to accrue on the loan, unless otherwise agreed between
the parties.

(e) The mortgagee may at any time during the deferral period request the district
court in the county in which the property is located to determine whether the mortgagor
has income sufficient to make partial monthly payments on the mortgage loan, not
to exceed 30 percent of the mortgagor's income, and the court may then condition
continuation of the deferral upon reasonable compliance with the payment obligation. The
mortgagee may make no more than one such request within any 12-month period.

(f) The mortgagee must notify in writing, as part of the notice of default, any
potentially eligible mortgagor of the mortgagor's rights under this section.


This section is effective the day following final enactment.

1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22 1.23 1.24 2.1 2.2

700 State Office Building, 100 Rev. Dr. Martin Luther King Jr. Blvd., St. Paul, MN 55155 ♦ Phone: (651) 296-2868 ♦ TTY: 1-800-627-3529 ♦ Fax: (651) 296-0569