1.1 	A bill for an act
1.2 	relating to real estate; streamlining the process of connecting an owner facing 
1.3 	a residential mortgage foreclosure with an authorized foreclosure prevention 
1.4 	agency and with a person authorized to negotiate on behalf of the foreclosing 
1.5 	lender;amending Minnesota Statutes 2008, section 580.021, subdivision 3; 
1.6 	repealing Minnesota Statutes 2008, sections 580.021, subdivision 4; 580.022, 
1.7 	subdivision 2.
1.8 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.9 	Section 1. Minnesota Statutes 2008, section 580.021, subdivision 3, is amended to read:
1.10 		Subd. 3. Notification to authorized counseling agency. The party entitled to 
1.11 	foreclose shall, within one week ~~of~~after sending the notice prescribed in section 580.022, 
1.12 	provide electronically to the appropriate authorized foreclosure prevention agency the 
1.13 	mortgagee and mortgagor information including the mortgagor's name, mailing address, 
1.14 	~~and~~ most recent known daytime and evening telephone ~~number~~ numbers, any known 
1.15 	e-mail address, and the address of the property at risk of foreclosure if different from 
1.16 	mortgagor's mailing address. 
1.17 	In the same communication, the mortgagee shall also provide the name and contact 
1.18 	information of the agent of the mortgagee authorized to discuss and negotiate resolution 
1.19 	of the default. The mortgagee contact information must include the agent's name, mail 
1.20 	and e-mail addresses, and direct phone and fax numbers. The contact information must 
1.21 	also include the name, direct phone number, and e-mail address of the loss mitigation 
1.22 	department manager. The agent must be a person authorized by the mortgagee to:
1.23 	(1) discuss the terms of the mortgage with the authorized foreclosure prevention 
1.24 	agency or the mortgagor; and
1.25 	(2) negotiate any resolution of the mortgagor's default.
2.1 	Nothing in this subdivision requires a mortgagee to reach a resolution relating to 
2.2 	the mortgagor's default.

2.3 	EFFECTIVE DATE. This section is effective August 1, 2010, and applies to 
2.4 	foreclosures in which the notice required under Minnesota Statutes, section 580.021, 
2.5 	subdivision 2, is provided on or after that date.

2.6 	Sec. 2.  REPEALER.
 2.7 	Minnesota Statutes 2008, sections 580.021, subdivision 4; 580.022, subdivision 
2.8 	2, are repealed.

2.9 	EFFECTIVE DATE. This section is effective August 1, 2010, and applies to 
2.10 	foreclosures in which the notice required under Minnesota Statutes, section 580.021, 
2.11 	subdivision 2, is provided on or after that date.