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Office of the Revisor of Statutes

2021 Minnesota Statutes Index (topics)

MORTGAGES

See also CONVEYANCES; MORTGAGE CORPORATIONS; MORTGAGE GUARANTY INSURANCE; MORTGAGE REGISTRY TAXES; REAL PROPERTY; TRACT INDEXES

"Churning," residential mortgage loans, Minn. Statutes 2021 58.13, 2021 58.18

"Special mortgages," Minn. Statutes 2021 58.13

Accelerated mortgage payment providers

Accounts and accounting, Minn. Statutes 2021 332.303

Background checks, Minn. Statutes 2021 332.301

Bond requirements, Minn. Statutes 2021 332.30

Debt management services providers, exclusion, Minn. Statutes 2021 332A.02

Definitions, Minn. Statutes 2021 332A.02

Generally, Minn. Statutes 2021 332.302

Adverse claims to real property, Minn. Statutes 2021 559.17 to 2021 559.19

Advertisement of terms, Minn. Statutes 2021 47.206

Affidavits, filing or recording

Mortgage registry taxes, Minn. Statutes 2021 287.05

Notice to third-party designee, Minn. Statutes 2021 47.58

Amendments

Deed taxes, exemption, Minn. Statutes 2021 287.22

Form, Minn. Statutes 2021 287.05

Mortgage registry taxes, exemption, Minn. Statutes 2021 287.04

Armories

Armory Building Commission, securing, conditions, Minn. Statutes 2021 193.147

Mortgage registry taxes, exemption, Minn. Statutes 2021 287.04

Assignees defined as purchasers, recording conveyances, Minn. Statutes 2021 507.01

Assignment

Corporate identity changes, Minn. Statutes 2021 507.411

Deed taxes, exemption, Minn. Statutes 2021 287.22

Defined as conveyance, Minn. Statutes 2021 507.01

Generally, Minn. Statutes 2021 47.205

Recorded assignment, Minn. Statutes 2021 287.10, 2021 507.32

Assumptions, Minn. Statutes 2021 47.20

Background checks, accelerated mortgage payment providers, Minn. Statutes 2021 332.301

Banks with trust powers, investment powers, Minn. Statutes 2021 48A.08

Bills of lading, negotiating bills with mortgages, fines, Minn. Statutes 2021 228.48

Business corporations, rights, powers of corporation regarding, Minn. Statutes 2021 302A.161

Campaign finance and public disclosure, Minn. Statutes 2021 10A.01

Canada, investments in, insurance companies, Minn. Statutes 2021 60A.11

Certificates of release of mortgage, Minn. Statutes 2021 507.401

Certificates of release or partial release of lien, Minn. Statutes 2021 507.403

Certificates of satisfaction by assignee, Minn. Statutes 2021 507.403

Certified copies, discharges, recording, Minn. Statutes 2021 507.40

Chattel mortgages, see CHATTEL MORTGAGES

Claims secured by, defined as credits, Minn. Statutes 2021 272.03

Commercial mortgage activities, residential mortgage originator and servicer licenses, exemptions, Minn. Statutes 2021 58.05

Commercial mortgage loans

Definitions, Minn. Statutes 2021 60A.121

Insurance companies, Minn. Statutes 2021 60A.122, 2021 60A.123, 2021 60A.1285, 2021 60A.1291

Community land trusts, Minn. Statutes 2021 462A.31

Condominiums, Minn. Statutes 2021 515.02

Conflicts of interest, Rural Finance Authority, members or employees, Minn. Statutes 2021 41C.11

Construction mortgages

Defined, Minn. Statutes 2021 336.2A-309, 2021 336.9-102

Security interests, perfection and priority, Minn. Statutes 2021 336.9-334

Cooperative apartment loans

Assignment or sale, Minn. Statutes 2021 47.206

Discount point agreements, Minn. Statutes 2021 47.206

Generally, Minn. Statutes 2021 47.20

Graduated payment home loans, Minn. Statutes 2021 47.201

Insurance rates, Minn. Statutes 2021 47.20, 2021 47.206

Cooperative associations

Corporate powers, Minn. Statutes 2021 308A.201

Rights, powers of association regarding, Minn. Statutes 2021 308B.301

Cooperative power associations, Minn. Statutes 2021 507.327

Covenants, short form mortgages, Minn. Statutes 2021 507.15

Damages, failure to discharge, Minn. Statutes 2021 507.41

Deed taxes, exemptions, Minn. Statutes 2021 287.22

Defeating security, violations and penalties, Minn. Statutes 2021 609.615

Deficiency judgment, Minn. Statutes 2021 582.30

Definitions

Certificates of release of mortgage, Minn. Statutes 2021 507.401

Commercial Code, Minn. Statutes 2021 336.2A-309, 2021 336.9-102

Guardianship and protective proceedings, Minn. Statutes 2021 524.5-418

Housing Finance Agency, Minn. Statutes 2021 462A.03

Insurance law, Minn. Statutes 2021 60A.121

MFIP, Minn. Statutes 2021 256J.08

Mortgage registry tax, Minn. Statutes 2021 287.01

Municipal housing programs, Minn. Statutes 2021 462C.02

Partnerships, Minn. Statutes 2021 323A.0101

Residential Mortgage Originator and Servicer Licensing Act, Minn. Statutes 2021 58.02

Statutory construction, Minn. Statutes 2021 645.44

Uniform Probate Code, Minn. Statutes 2021 524.1-201

Delinquent mortgage loans, insurance companies, Minn. Statutes 2021 60A.123, 2021 60A.127

Descriptions of property, misdescription, correction instruments, mortgage registry taxes, exemption, Minn. Statutes 2021 287.04

Discharge, certified copies, electronic records, Minn. Statutes 2021 507.40

Disclosures, interest rate or discount point agreements, Minn. Statutes 2021 47.206

Discount point agreements, Minn. Statutes 2021 47.20, 2021 47.206

Discriminatory provisions restricting conveyance of real property, Minn. Statutes 2021 507.18

Distressed mortgage loans

Defined, Minn. Statutes 2021 60A.121

Insurance companies, Minn. Statutes 2021 60A.123, 2021 60A.127

Dual tracking, loss mitigation applications, stay of foreclosure process, Minn. Statutes 2021 582.043

Eligibility, Minn. Statutes 2021 41C.05

Escrow accounts, Minn. Statutes 2021 47.20, 2021 47.205

Evidence, Minn. Statutes 2021 287.10, 2021 507.403, 2021 507.411

Extensions

Deed taxes, exemption, Minn. Statutes 2021 287.22

Mortgage registry taxes, exemption, Minn. Statutes 2021 287.04

Farms, drafting, Minn. Statutes 2021 481.02

Federal preemption

Limitations on interest and other charges, Minn. Statutes 2021 47.204

Override, Minn. Statutes 2021 47.203

Finance charges, precomputed, refunds, Minn. Statutes 2021 47.20

Fines

Cooperative apartment loans, unlawful interest rates, Minn. Statutes 2021 47.20

Satisfaction of mortgage, failure to deliver, Minn. Statutes 2021 47.208

First mortgages, investment companies, assets, types permitted, Minn. Statutes 2021 54.27

Fixture filing, defined, Minn. Statutes 2021 336.2A-309

Foreclosure, see Mortgages under FORECLOSURE

Foreign corporations

Business transactions, exceptions, Minn. Statutes 2021 303.03

Violations, effect, Minn. Statutes 2021 303.17

Forms

Amendments, Minn. Statutes 2021 287.05

Conveyances, Minn. Statutes 2021 507.09

Drafters, inclusion of names and addresses, Minn. Statutes 2021 507.091

Multistate mortgages, Minn. Statutes 2021 287.05

Real property in Minnesota, security for, Minn. Statutes 2021 287.05

Short form mortgages, Minn. Statutes 2021 507.15

Fraternal benefit societies, mortgage registry taxes, exemption, Minn. Statutes 2021 287.04

Fraud, residential mortgage fraud, Minn. Statutes 2021 609.822

Gambling debts, mortgage void, Minn. Statutes 2021 541.21

Gas companies, Minn. Statutes 2021 507.327

Graduated payment home loans, Minn. Statutes 2021 47.201

High-risk mortgage-backed securities, investments in, public funds (local), exclusions, Minn. Statutes 2021 118A.04

Housing projects in blighted areas, security, Minn. Statutes 2021 469.012

Implied covenants, Minn. Statutes 2021 507.16

Industrial development projects, see Mortgages under INDUSTRIAL DEVELOPMENT DISTRICTS

Insurance companies

Definitions, Minn. Statutes 2021 60A.121

Direct write-downs, Minn. Statutes 2021 60A.123, 2021 60A.1285

Fire insurance settlement proceeds, release to mortgagee, Minn. Statutes 2021 65A.50

Generally, Minn. Statutes 2021 60A.127

Impairment, measurement, Minn. Statutes 2021 60A.123

Investments, Minn. Statutes 2021 60A.11

Life insurance companies, Minn. Statutes 2021 61A.09, 2021 61A.28

Losses, permanent impairments, realized losses, Minn. Statutes 2021 60A.1285

Valuation, Minn. Statutes 2021 60A.123

Insurance

Excess insurance, Minn. Statutes 2021 65A.09, 2021 72A.31

Group accidental death and disability income insurance policies, Minn. Statutes 2021 62A.10

Group life insurance policies, provisions, Minn. Statutes 2021 61A.09

Guaranty insurance, see MORTGAGE GUARANTY INSURANCE

Premiums, Minn. Statutes 2021 47.20

Private mortgage insurance, Minn. Statutes 2021 47.207

Reverse mortgages, Minn. Statutes 2021 47.58

Interest rate agreements, Minn. Statutes 2021 47.206

Interest

Conventional mortgage loans, Minn. Statutes 2021 47.20

Limitations, Minn. Statutes 2021 47.204

Reverse mortgages, mortgage registry tax, exemption, Minn. Statutes 2021 287.05

Investment grade, Minn. Statutes 2021 58.13

Investments in

Housing Finance Agency, powers, Minn. Statutes 2021 462A.05

Insurance companies, Minn. Statutes 2021 60A.11

Investment Board, Minn. Statutes 2021 11A.24

Public funds (local), Minn. Statutes 2021 118A.04

Public retirement plans, Minn. Statutes 2021 356A.06

Savings banks, Minn. Statutes 2021 50.14

Joint tenants, satisfaction or release, Minn. Statutes 2021 507.412

Land registration, see Mortgages under LAND REGISTRATION

Life insurance companies

Group life insurance, policies, Minn. Statutes 2021 61A.09

Loans secured by mortgages, investments, Minn. Statutes 2021 61A.28

Limited liability companies, see Mortgages under LIMITED LIABILITY COMPANIES

Long-term residential housing mortgage loans, Housing Finance Agency, powers, Minn. Statutes 2021 462A.05

Mail and mailing, satisfaction of mortgage, certified mail, Minn. Statutes 2021 47.208

Manufactured homes, repossession, Minn. Statutes 2021 327.63

Minerals, conveyances, recording, Minn. Statutes 2021 507.36

Modifications, effect on mortgage registry taxes, Minn. Statutes 2021 287.05

Mortgage brokers

Agency, duties, Minn. Statutes 2021 58.16, 2021 58.161

Fees paid to, Minn. Statutes 2021 58.137, 2021 58.16

Lawsuits against, Minn. Statutes 2021 58.18

Reverse mortgages, limitations, Minn. Statutes 2021 47.58

Mortgage certificate program, Housing Finance Agency, powers, Minn. Statutes 2021 462A.05

Mortgage credit certificate programs

Definitions, Minn. Statutes 2021 462C.02

Generally, Minn. Statutes 2021 462C.11

Mortgage liens

Certificates of release or partial release of lien, Minn. Statutes 2021 507.403

Junior liens, voluntary foreclosures, Minn. Statutes 2021 582.32

Subdivided land sales, Minn. Statutes 2021 83.40

Mortgage loan originators, residential, see RESIDENTIAL MORTGAGE ORIGINATORS AND SERVICERS

Mortgage loans

Agricultural property, mortgage registry taxes, exemption, Minn. Statutes 2021 287.04

Applications, credit inquiries arising from, Minn. Statutes 2021 13C.01

Commercial mortgage loans, see same under this topic

Definitions, Minn. Statutes 2021 56.001

Farmers Home Administration, see FARMERS HOME ADMINISTRATION (FMHA)

Federal Home Loan Mortgage Corporation, see FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)

Federal National Mortgage Association, see FEDERAL NATIONAL MORTGAGE ASSOCIATION (FANNIE MAE)

Group life insurance policies, provisions, Minn. Statutes 2021 61A.09

Housing and Urban Development Department (U.S.), see HOUSING AND URBAN DEVELOPMENT DEPARTMENT (U.S.)

Housing Finance Agency, see Mortgage loans under HOUSING FINANCE AGENCY

Improved real estate, banks, liability, Minn. Statutes 2021 48.24

Low and moderate income/affordable housing programs, mortgage registry taxes, exemption, Minn. Statutes 2021 287.04

Renegotiable rate mortgage loans, Minn. Statutes 2021 50.14

Reverse mortgages, see same under this topic

Veterans Administration, see VETERANS ADMINISTRATION (U.S.)

Mortgage trustees, Minn. Statutes 2021 48A.07

Mortgagees

Advances by, mortgage registry taxes, exemption, Minn. Statutes 2021 287.05

Definitions, Minn. Statutes 2021 47.20, 2021 507.401

Delinquent property taxes, filing to receive notice, Minn. Statutes 2021 276.041

Fiduciary duties, mortgage registry taxes, collection and remittance, Minn. Statutes 2021 287.08

Foreclosure solicitors, exclusion, Minn. Statutes 2021 325N.01

Fraternal benefit societies, mortgage registry taxes, exemption, Minn. Statutes 2021 287.04

Land acquired by foreclosure, hazardous substances releases, responsible persons, Minn. Statutes 2021 115B.03

Notice received, fire insurance, final settlement, partial withholding, Minn. Statutes 2021 65A.50

Payments to, fire insurance settlement proceeds, Minn. Statutes 2021 65A.50

Private transfer fee obligations, liability, Minn. Statutes 2021 513.75

Property taxes, payment, notice given, Minn. Statutes 2021 272.435

Public nuisances, definitions, Minn. Statutes 2021 617.80

Tax liens, enforcement, filing of notice, Minn. Statutes 2021 270C.63

Mortgagors

Liability, wrongful or erroneous certificates of release of mortgage, Minn. Statutes 2021 507.401

Note owner information from transaction agents or servicers, Minn. Statutes 2021 58.162

Notice received, property taxes, payment, Minn. Statutes 2021 272.435

Residential real estate closings, Minn. Statutes 2021 507.45

Multistate mortgages, mortgage registry taxes, see MORTGAGE REGISTRY TAXES

Municipal gas agencies, Minn. Statutes 2021 453A.04, 2021 453A.05

Municipal power agencies, Minn. Statutes 2021 453.54, 2021 453.55

Nationwide Multistate Licensing System and Registry, see under RESIDENTIAL MORTGAGE ORIGINATORS AND SERVICERS

Nonprofit corporations, Minn. Statutes 2021 317A.161, 2021 317A.305, 2021 317A.671

Notice

Recitals of unrecorded mortgages, Minn. Statutes 2021 507.332

Recording deemed notice, Minn. Statutes 2021 507.32, 2021 507.325

Ores, conveyances, recording, Minn. Statutes 2021 507.36

Owners, affidavits

Deed taxes, see DEED TAXES

Mortgage registry taxes, payment, Minn. Statutes 2021 287.11

Partial release, deed taxes, exemption, Minn. Statutes 2021 287.22

Payments

Charges against principal, trust assets, Minn. Statutes 2021 501C.1113

Reverse mortgages, Minn. Statutes 2021 47.58, 2021 287.05

Performing mortgage loans, insurance companies, valuation, Minn. Statutes 2021 60A.123

Pipeline companies, Minn. Statutes 2021 507.327, 2021 507.328

Plain Language Contract Act, exemption, Minn. Statutes 2021 325G.30

Power companies, Minn. Statutes 2021 507.327

Power to make, generally, Minn. Statutes 2021 47.20

Precomputed loans, finance charges, refunds, Minn. Statutes 2021 47.20

Predatory lending practices, residential mortgage loans, Minn. Statutes 2021 58.13, 2021 58.18, 2021 609.822

Prepayment penalties

Eminent domain, Minn. Statutes 2021 117.087

Restrictions, Minn. Statutes 2021 58.137

Private mortgage insurance, Minn. Statutes 2021 47.207

Probate, mortgages defined, Minn. Statutes 2021 524.1-201

Public property, exemptions, Minn. Statutes 2021 287.04

Public retirement plans, loans secured by mortgages, investment in, Minn. Statutes 2021 356.64

Public service corporations, Minn. Statutes 2021 301B.04, 2021 301B.05

Public utilities, Minn. Statutes 2021 507.327

Purchase money real estate mortgages, see PURCHASE MONEY REAL ESTATE MORTGAGES

Purchase, mortgage defined as, Minn. Statutes 2021 336.1-201, 2021 336.2A-103

Real estate mortgage investment conduit, ownership of interest, income and franchise taxes, exceptions, Minn. Statutes 2021 290.015

Real estate mortgages, defined as encumbrances, Minn. Statutes 2021 336.2A-309

Real property subject to taconite and iron sulfides taxes, mortgage registry taxes, exemption, Minn. Statutes 2021 287.04

Real property, nonjoinder of spouse, effect, Minn. Statutes 2021 507.03

Receiverships, Minn. Statutes 2021 576.25

Recitals

Disregarding, Minn. Statutes 2021 507.33, 2021 507.331

Unrecorded mortgages, Minn. Statutes 2021 507.332

Recording

Corporate identity changes, Minn. Statutes 2021 507.411

County recorders, duties, Minn. Statutes 2021 386.39

Defined, Minn. Statutes 2021 287.01

Mortgage registry taxes, payment, Minn. Statutes 2021 287.10

Records, financing statements, mortgage records as, Minn. Statutes 2021 336.9-502

Refinancing mortgages, Housing Finance Agency, powers, Minn. Statutes 2021 462A.05

Refunds, precomputed finance charges, Minn. Statutes 2021 47.20

Registration

Electronic documents, Minn. Statutes 2021 287.08

Fees, Minn. Statutes 2021 40A.151, 2021 40A.152

Taxes, see MORTGAGE REGISTRY TAXES

Regulated lenders, see Mortgages under REGULATED LENDERS

Religious corporations, see Mortgages under RELIGIOUS CORPORATIONS

Renegotiable rate mortgage loans, Minn. Statutes 2021 50.14

Rescission, reverse mortgages, Minn. Statutes 2021 47.58

Residences, drafting, Minn. Statutes 2021 481.02

Residential mortgage fraud, Minn. Statutes 2021 609.822

Residential mortgage loans

Defined, Minn. Statutes 2021 47.207

Interest rates, Minn. Statutes 2021 58.16

Predatory lending practices, Minn. Statutes 2021 58.13, 2021 58.18, 2021 609.822

Rates, fully indexed rate, Minn. Statutes 2021 58.02

Residential mortgage originators and servicers, Minn. Statutes 2021 58.125, 2021 58.13

S.A.F.E. Mortgage Licensing Act, Minn. Statutes 2021 58A.01 to 2021 58A.22

Residential mortgage originators and servicers, Minn. Statutes 2021 58.01 to 2021 58.19, 2021 60K.43

Restrictions, discriminatory provisions restricting conveyance of real property, Minn. Statutes 2021 507.18

Restructured mortgage loans, insurance companies, Minn. Statutes 2021 60A.123, 2021 60A.127

Retail installment contracts, Motor Vehicle Retail Installment Sales Act, Minn. Statutes 2021 53C.01

Reverse mortgages

Authorized, Minn. Statutes 2021 47.20

Federally administered mortgages, tax exemption, Minn. Statutes 2021 287.05

Generally, Minn. Statutes 2021 47.58

Interest, Minn. Statutes 2021 47.58, 2021 287.05

MFIP, income, exclusion, Minn. Statutes 2021 256J.21

Mortgage registry taxes, see MORTGAGE REGISTRY TAXES

Proceeds, disregards, Minn. Statutes 2021 256.99

Residential mortgage originators and servicers, Minn. Statutes 2021 47.58, 2021 58.19

Revolving lines of credit secured by

Mortgage registry tax, Minn. Statutes 2021 287.05

Recording, notice to parties, Minn. Statutes 2021 507.325

Rural development financing authorities, powers, Minn. Statutes 2021 469.146

Rural Finance Authority, seller-sponsored loans, security, Minn. Statutes 2021 41B.042

Rural water user districts, property, Minn. Statutes 2021 110A.33, 2021 110A.34

Satisfaction

Certificates of release of mortgage, Minn. Statutes 2021 507.401

Certificates of satisfaction by assignee, Minn. Statutes 2021 507.403

Conveyancing forms, Minn. Statutes 2021 507.09, 2021 507.091

Corporate identity changes, Minn. Statutes 2021 507.411

Deed taxes, exemption, Minn. Statutes 2021 287.22

Delivery, Minn. Statutes 2021 47.208

Failure to discharge, Minn. Statutes 2021 507.41

Procedure, Minn. Statutes 2021 507.40

Recording, mortgage registry tax payments, Minn. Statutes 2021 287.10

Release by fewer than all mortgagees, Minn. Statutes 2021 507.412

Violations and penalties, failure to deliver, Minn. Statutes 2021 47.208

Secured transactions, see Mortgages under SECURED TRANSACTIONS

Securities, exemptions, Minn. Statutes 2021 83.26

Security

Agricultural improvement programs, direct loans, Minn. Statutes 2021 41B.043

Agricultural resource project loans, Minn. Statutes 2021 41A.03

Inapplicable laws, Minn. Statutes 2021 47.21

Instruments, mortgage registry taxes, exemption, Minn. Statutes 2021 287.04

Livestock expansion and modernization loans, Minn. Statutes 2021 41B.045

Multistate mortgages, Minn. Statutes 2021 287.05

Real property in Minnesota, Minn. Statutes 2021 287.05

Selling mortgaged real estate, Minn. Statutes 2021 47.20

Semitaconite mining companies, Minn. Statutes 2021 507.327

Senior citizens' property tax deferral program, Minn. Statutes 2021 290B.03, 2021 290B.04

Seven-day cooling off period, reverse mortgages, Minn. Statutes 2021 47.58

Share of future appreciation, regulating, Minn. Statutes 2021 47.20

Shelter costs, mortgages defined as, Minn. Statutes 2021 256J.08

Successors in interest, savings banks, Minn. Statutes 2021 50.1485

Supplemental mortgages, see MORTGAGE REGISTRY TAXES

Taconite mining companies, Minn. Statutes 2021 507.327

Tax-exempt property, mortgages on, mortgage registry taxes, exemption, Minn. Statutes 2021 287.04

Taxes, see MORTGAGE REGISTRY TAXES

Telephone companies, generally, Minn. Statutes 2021 507.327

Timber, conveyances, recording, Minn. Statutes 2021 507.36

Transfer statements, see under SECURED TRANSACTIONS

Transfers, mortgages defined as, Minn. Statutes 2021 323A.0101

Trust companies, investment powers, Minn. Statutes 2021 48A.08

Trusts

Assets, generally, Minn. Statutes 2021 501B.46 to 2021 501B.55

Custodial property, certification to mortgage, Minn. Statutes 2021 507.49

Uniform Short Form Mortgage Act, Minn. Statutes 2021 507.15

Unrecorded mortgages, recitals, notice, generally, Minn. Statutes 2021 507.332

Usury, Minn. Statutes 2021 47.20

Validity, mortgage registry tax, errors, Minn. Statutes 2021 287.10

Veterans administration, secured mortgages, savings banks, purchasing, selling, Minn. Statutes 2021 50.155

Violations and penalties

Cooperative apartment loans, unlawful interest rates, Minn. Statutes 2021 47.20

Discount point agreements, Minn. Statutes 2021 47.206

Failure to discharge, damages, Minn. Statutes 2021 507.41

Interest rate agreements, Minn. Statutes 2021 47.206

Predatory lending, Minn. Statutes 2021 609.822

Unlawful interest rates, Minn. Statutes 2021 47.20

Waivers, Minn. Statutes 2021 47.20

Warehouse receipts, negotiating without disclosing mortgage, Minn. Statutes 2021 227.55