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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


46 SR 542

Published Electronically:

October 26, 2021

Official Publication of the State of Minnesota
Revisor of Statutes