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Minnesota Legislature

Office of the Revisor of Statutes

RESIDENTIAL MORTGAGE ORIGINATORS AND SERVICERS

"Churning," Minn. Statutes 2017 58.13, 2017 58.18

Abandoned and unclaimed property laws, compliance

License applications, Minn. Statutes 2017 58.06

Standards of conduct, Minn. Statutes 2017 58.13

Addresses, license applications, Minn. Statutes 2017 58.06

Advance fees

Contracts, Minn. Statutes 2017 58.16

License exemption, Minn. Statutes 2017 58.04

Standards of conduct, Minn. Statutes 2017 58.16

Advertising

Advertisement, defined, Minn. Statutes 2017 58.02

Copies of, retention period, Minn. Statutes 2017 58.14

Standards of conduct, Minn. Statutes 2017 58.13

Unique identifiers, Minn. Statutes 2017 58A.20

Agents

Nonagency disclosure, Minn. Statutes 2017 58.13, 2017 58.15

Standards of conduct, Minn. Statutes 2017 58.13, 2017 58.16

Appraisers, standards of conduct, Minn. Statutes 2017 58.13

Audits and examinations, noncompliance, action subject to penalty, Minn. Statutes 2017 58.12

Automated valuation models, Minn. Statutes 2017 82.55

Bankruptcy, notice, Minn. Statutes 2017 58.06, 2017 58.14

Borrowers

Ability to pay, verification, Minn. Statutes 2017 58.13

Definitions, Minn. Statutes 2017 58.02

Generally, Minn. Statutes 2017 58.16

Breaches of trust, Minn. Statutes 2017 58.125

Brokering or lending services, Minn. Statutes 2017 58.06, 2017 58.13

Business activities, license applications, Minn. Statutes 2017 58.06

Censure, license violations, generally, Minn. Statutes 2017 58.12

Certificates of exemption

Fees, Minn. Statutes 2017 58.10

Issuance, Minn. Statutes 2017 58.05

Revocation, Minn. Statutes 2017 58.12

Charges and rates, Minn. Statutes 2017 58.136, 2017 58.137

Coercion

Action subject to penalty, Minn. Statutes 2017 58.12

Standards of conduct, Minn. Statutes 2017 58.13

Commissions (compensation), contracts, Minn. Statutes 2017 58.16

Compensation and salaries

Contracts, Minn. Statutes 2017 58.16

Standards of conduct, Minn. Statutes 2017 58.13

Complaints against, documentation and resolution, Minn. Statutes 2017 58.14

Conducting business, violations and penalties, Minn. Statutes 2017 58.04

Consumer education, appropriations for, Minn. Statutes 2017 58.10

Contested cases, licenses, effect on, Minn. Statutes 2017 58.12

Continuing education, Minn. Statutes 2017 58A.09

Contracts and agreements

Residential mortgage originator services, Minn. Statutes 2017 58.16

Standards of conduct, Minn. Statutes 2017 58.13

Criminal violations or convictions, Minn. Statutes 2017 58.06

Deceptive trade practices, action subject to penalty, Minn. Statutes 2017 58.12

Definitions

Advertisement, Minn. Statutes 2017 58.13

Fees and charges, Minn. Statutes 2017 58.137

Residential Mortgage Originator and Servicer Licensing Act, Minn. Statutes 2017 58.02

S.A.F.E. Mortgage Licensing Act, Minn. Statutes 2017 58A.02

Disbursements

Records and record keeping, Minn. Statutes 2017 58.16

Standards of conduct, Minn. Statutes 2017 58.13

Disciplinary action, subject to penalty, Minn. Statutes 2017 58.12

Disclosure

Electronic residential mortgage applications, Minn. Statutes 2017 58.15

Generally, Minn. Statutes 2017 58.16

HUD disclosure, Minn. Statutes 2017 58.15

Insurance producers, violations, Minn. Statutes 2017 60K.43

Nonagency, Minn. Statutes 2017 58.13, 2017 58.15

Note owner information to mortgagor, Minn. Statutes 2017 58.162

Prepayment penalties, Minn. Statutes 2017 58.137

S.A.F.E. Mortgage Licensing Act, Minn. Statutes 2017 58A.14

Taxes and insurance payments, Minn. Statutes 2017 58.13

Dishonesty, Minn. Statutes 2017 58.125

Electronic residential mortgage applications, disclosure, Minn. Statutes 2017 58.15

Employees

License applications, Minn. Statutes 2017 58.06

License exemptions, Minn. Statutes 2017 58.05

Escrow accounts, Minn. Statutes 2017 58.02, 2017 58.16

False advertising, standards of conduct, Minn. Statutes 2017 58.13

False representation, standards of conduct, Minn. Statutes 2017 58.13

False statements

License applications, action subject to penalty, Minn. Statutes 2017 58.12

Standards of conduct, Minn. Statutes 2017 58.13

Fees

Certificates of exemption, Minn. Statutes 2017 58.10

Lender fees exceeding five percent, Minn. Statutes 2017 58.137

Licenses, Minn. Statutes 2017 58.09, 2017 58.10

Nonpayment, action subject to penalty, Minn. Statutes 2017 58.12

Overpayments, refunds, Minn. Statutes 2017 58.10

Prepayment penalties, limitations, Minn. Statutes 2017 58.137

Records and record keeping, Minn. Statutes 2017 58.16

Standards of conduct, Minn. Statutes 2017 58.13

Fiduciary requirements

Agency or advance fee transactions, Minn. Statutes 2017 58.16

Licenses, Minn. Statutes 2017 58.04, 2017 58.05

Fines, Minn. Statutes 2017 58.12, 2017 58A.12

Foreclosure consultants, exclusion, Minn. Statutes 2017 325N.01

Forms

License applications, Minn. Statutes 2017 58.06

License exemptions, Minn. Statutes 2017 58.15

Nonagency disclosure, Minn. Statutes 2017 58.15

Prepayment penalties, disclosure, Minn. Statutes 2017 58.137

Fraud

Action subject to penalty, Minn. Statutes 2017 58.12

License application information, Minn. Statutes 2017 58.06

Gross negligence

Action subject to penalty, Minn. Statutes 2017 58.12

License application information, Minn. Statutes 2017 58.06

Guilty pleas, action subject to penalty, Minn. Statutes 2017 58.12

Injunctions

License application information, Minn. Statutes 2017 58.06

Violations, action subject to penalty, Minn. Statutes 2017 58.12

Interest rates, residential mortgage loans, Minn. Statutes 2017 58.16

Intimidation, standards of conduct, Minn. Statutes 2017 58.13

Investigations

Financial data, Minn. Statutes 2017 58.06

Noncompliance, action subject to penalty, Minn. Statutes 2017 58.12

S.A.F.E. Mortgage Licensing Act, Minn. Statutes 2017 58A.15

Lenders, disclosure, Minn. Statutes 2017 58.16

Letters of credit, Minn. Statutes 2017 58.08

Licenses

Age, Minn. Statutes 2017 58.06

Applications

Action subject to penalty, Minn. Statutes 2017 58.12

Material changes, notice, Minn. Statutes 2017 58.06, 2017 58.14

Requirements, Minn. Statutes 2017 58.06, 2017 58.11, 2017 58A.04

Surety bonds or letters of credit, Minn. Statutes 2017 58.08

Background checks, Minn. Statutes 2017 58A.04

Cancellation, procedures, Minn. Statutes 2017 58.11

Certificates of exemption, Minn. Statutes 2017 58.05, 2017 58.10, 2017 58.12

Classes, Minn. Statutes 2017 58.03

Continuing education, Minn. Statutes 2017 58A.09

Examinations, Minn. Statutes 2017 58.115

Exemptions, Minn. Statutes 2017 58.04, 2017 58.05, 2017 58.10, 2017 58.12, 2017 58A.03

Expiration, Minn. Statutes 2017 58.09

Fees, Minn. Statutes 2017 58.09, 2017 58.10, 2017 58A.045

Issuance, Minn. Statutes 2017 58A.04, 2017 58A.05

Lapsed, surrendered, withdrawn, or terminated licenses, Minn. Statutes 2017 58.12

Nationwide Mortgage Licensing System and Registration, see same under this topic

Prelicensing and relicensing education requirements, Minn. Statutes 2017 58A.06

Renewal, Minn. Statutes 2017 58.09, 2017 58.11, 2017 58A.08

Requirements, Minn. Statutes 2017 58.04, 2017 58A.03

S.A.F.E. Mortgage Licensing Act, Minn. Statutes 2017 58A.01 to 2017 58A.22

Suspension, revocation, or denial, Minn. Statutes 2017 58.12, 2017 58A.12

Term, Minn. Statutes 2017 58A.045

Testing, Minn. Statutes 2017 58A.07

Waiver of requirements, Minn. Statutes 2017 58.06

Lines of credit, loan amount, Minn. Statutes 2017 58.137

Loan application forms, unique identifiers, Minn. Statutes 2017 58A.20

Loss mitigation options, notice about, Minn. Statutes 2017 582.043

Mail and mailing

Cancellation of contract, notice, Minn. Statutes 2017 58.16

License renewal, Minn. Statutes 2017 58.11

Misrepresentation

Action subject to penalty, Minn. Statutes 2017 58.12

License application information, Minn. Statutes 2017 58.06

Standards of conduct, Minn. Statutes 2017 58.13

Money laundering, Minn. Statutes 2017 58.125

Names

License applications, Minn. Statutes 2017 58.06

Use, standards of conduct, Minn. Statutes 2017 58.13

Nationwide Mortgage Licensing System and Registry

Access to data, Minn. Statutes 2017 58A.14

Challenge process, Minn. Statutes 2017 58A.11

Channeling agent for information requests and distribution, Minn. Statutes 2017 58A.04

Definitions, Minn. Statutes 2017 58A.02

Educational courses, Minn. Statutes 2017 58A.06, 2017 58A.09

False statements and omissions, Minn. Statutes 2017 58A.16

Participation, Minn. Statutes 2017 58A.04, 2017 58A.10

Reports to, Minn. Statutes 2017 58A.17, 2017 58A.18

Standards, Minn. Statutes 2017 58A.08

Testing, Minn. Statutes 2017 58A.07

Oaths and affirmations

License applications, Minn. Statutes 2017 58.06

Noncompliance, action subject to penalty, Minn. Statutes 2017 58.12

Standards of conduct, Minn. Statutes 2017 58.13

Orders

Cease and desist orders, Minn. Statutes 2017 58.06, 2017 58.12

Regulatory agency orders barring involvement in industry or profession, Minn. Statutes 2017 58.06, 2017 58.12

Show cause for no penalty, Minn. Statutes 2017 58.12

Suspension or revocation orders, Minn. Statutes 2017 58.06, 2017 58.12

Violations, action subject to penalty, Minn. Statutes 2017 58.12

Persons in control, Minn. Statutes 2017 58.02, 2017 58.06

Predatory lending practices, Minn. Statutes 2017 58.13

Private mortgage insurance, cancellation, notice given, Minn. Statutes 2017 47.207

Records and record keeping

Fees, Minn. Statutes 2017 58.16

Generally, Minn. Statutes 2017 58.14

Insurance producers, violations, Minn. Statutes 2017 60K.43

S.A.F.E. Mortgage Licensing Act, Minn. Statutes 2017 58A.15

Standards of conduct, Minn. Statutes 2017 58.13

Refunds, Minn. Statutes 2017 58.10, 2017 58.16

Registration, Minn. Statutes 2017 58A.03, 2017 58A.04

Reports given

Nationwide licensing system, Minn. Statutes 2017 58A.17, 2017 58A.18

S.A.F.E. Mortgage Licensing Act, Minn. Statutes 2017 58A.15

Residential mortgage loans

Charges and rates, limitations, Minn. Statutes 2017 58.136

Lender fees exceeding five percent, Minn. Statutes 2017 58.137

Prepayment penalties, limitations, Minn. Statutes 2017 58.137

Standards of conduct, Minn. Statutes 2017 58.13

Residential Mortgage Originator and Servicer Licensing Act, generally, Minn. Statutes 2017 58.01 to 2017 58.17

Reverse mortgages, Minn. Statutes 2017 47.58, 2017 58.19

Solicitations, unique identifiers, Minn. Statutes 2017 58A.20

Standards of conduct

Agency or advance fee transactions, Minn. Statutes 2017 58.16

Generally, Minn. Statutes 2017 58.13

Insurance producers, violations, Minn. Statutes 2017 60K.43

Violations, generally, Minn. Statutes 2017 58.12

Statements by, trust account disbursements, Minn. Statutes 2017 58.16

Surety bonds, Minn. Statutes 2017 58.08, 2017 58A.13

Table funding, standards of conduct, Minn. Statutes 2017 58.13

Tax laws

License applications, compliance, Minn. Statutes 2017 58.06

Noncompliance, action subject to penalty, Minn. Statutes 2017 58.12

Termination of business, plan, license cancellation, Minn. Statutes 2017 58.11

Time, licenses, timely renewal, Minn. Statutes 2017 58.11

Transaction agents, Minn. Statutes 2017 58.02, 2017 58.162, 2017 580.025

Trust accounts

Generally, Minn. Statutes 2017 58.16

Records and record keeping, Minn. Statutes 2017 58.14

Standards of conduct, Minn. Statutes 2017 58.13

Trust funds, Minn. Statutes 2017 58.02, 2017 58.13

Violations and penalties

Generally, Minn. Statutes 2017 58.12

Insurance producers performing residential activity, effect on license, Minn. Statutes 2017 60K.43

Lawsuits, Minn. Statutes 2017 58.18

S.A.F.E. Mortgage Licensing Act, Minn. Statutes 2017 58A.12, 2017 58A.16

Standards of conduct, Minn. Statutes 2017 58.13

Writing, requirements

Bankruptcy notice, Minn. Statutes 2017 58.14

Contracts, cancellation notice, Minn. Statutes 2017 58.16

License applications, Minn. Statutes 2017 58.06

License cancellation, Minn. Statutes 2017 58.11

Prepayment penalties, disclosure, Minn. Statutes 2017 58.137

Written agreements, Minn. Statutes 2017 58.13, 2017 58.16