Minnesota Administrative Rules

4850.0025 TRANSITION PERIOD.

If permitted by the terms of the promissory note, a borrower may extend a transition period, but a transition period may not exceed 36 months. During a transition period, a borrower is billed according to part 4850.0017, item B.

Statutory Authority:

MS s 136A.16

History:

46 SR 542

Published Electronically:

October 26, 2021