SF1533 - Minnesota: Mortgage foreclosures provisions modifications; homestead property exemption modification and inflationary adjustment; homestead judgment enforcement regulation

3E Regulating certain transactions for homeowners with homes in foreclosure; modifying certain definitions; modifying contract and notice of cancellation requirements, certain language and content requirements; modifying certain foreclosure consultants violations for loans; modifying certain foreclosure purchasers definitions, redefining residence in foreclosure; modifying certain foreclosed homeowner contract cancellation rights; modifying form and language requirements for the notice of cancellation contract; expanding certain prohibited practices of foreclosure purchasers; requiring a stay of eviction action without imposition of a bond under certain conditions, imposing certain penalties, providing for expiration of the stay; increasing the dollar amount of the homestead exemption and providing for inflation adjustments; modifying limitation provisions relating to homestead property; requiring the executing creditor [...]

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