Bill
Bill > SF4168
summary
Introduced
03/05/2026
03/05/2026
In Committee
03/05/2026
03/05/2026
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to commerce; modifying the application of certain residential mortgage loan fees and penalties; amending Minnesota Statutes 2024, section 58.137, subdivision 3.
AI Summary
This bill modifies how certain fees and penalties are applied to residential mortgage loans in Minnesota, specifically by clarifying that the limitations and prohibitions outlined in section 58.137 of Minnesota Statutes only apply to loans made for personal, family, or household purposes, and this change will take effect on August 1, 2026, applying to new residential mortgage loans made on or after that date.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Senate Commerce and Consumer Protection (10:00:00 3/27/2026 ) (on 03/27/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/94/2026/0/SF/4168/ |
| BillText | https://www.revisor.mn.gov/bills/94/2026/0/SF/4168/versions/0/pdf/ |
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