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Minnesota Legislature

Office of the Revisor of Statutes

1502.0024 DOCUMENTS NECESSARY FOR MEDIATION.

Not participating in good faith may include failure of the debtor or creditor to provide the following records and documents if the mediator determines that they are necessary:

A.

a current, signed financial statement of assets and liabilities;

B.

a copy of the most recent depreciation schedule;

C.

farm record books for the past three years or evidence of crop and livestock production;

D.

projected farm budget for the current 12 months;

E.

copies of any other legal documents that are necessary for the mediation and pertain to the farm business;

F.

copies of FINPACK printout analysis for the farm operation where applicable;

G.

appraisals, including in-house appraisals, of the debtor's property; and

H.

worksheets on foreclosure cost analysis, if any have been done by the lender.

Statutory Authority:

MS s 583.285

History:

14 SR 1418

Published Electronically:

May 10, 2004