Minnesota Session Laws - 1988, Regular Session

  

                         Laws of Minnesota 1988 

                        CHAPTER 421-H.F.No. 1767 
           An act relating to commerce; real property; requiring 
          notice of foreclosure by advertisement to separately 
          list record owners with no legally protected interest 
          in the real estate; proposing coding for new law in 
          Minnesota Statutes, chapter 580. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [580.045] [RECORD OWNER WITH NO FINANCIAL 
INTEREST.] 
    A notice of foreclosure required under section 580.04 must 
include the name of each mortgagor who, at the time of first 
publication of the notice, has been released from financial 
obligation on the mortgage and a statement that the named 
mortgagor has been released from financial obligation on the 
mortgage. 
    Approved March 29, 1988