Top Legislation - View All
Latest Action: 03/11/2008 - Author added Loeffler Bill Text
Consumer small loans regulated.
Latest Action: 02/29/2008 - Referred by Chair to Labor and Consumer Protection Division Bill Text
Consumer small loan lender charges regulated.
Latest Action: 03/27/2008 - Bills identical, SF substituted on General Register Bill Text
RST ENGROSSMENT
New Prague; Deputy registrar office location permitted to be within city limits.
Section 1: Deputy registrar of motor vehicles office move language is provided.
"The commissioner of public safety shall by May 31, 2008, grant a variance to
the State Bank of New Prague to move its office of deputy registrar within the
limits of the city of New Prague from Scott County to Le Sueur County, with full
authority to function as a registration and motor vehicle tax collection deputy
registrar."
SNA 3/11/08
Latest Action: 03/29/2007 - Introduction and first reading, referred to Commerce and Labor Bill Text
Minnesota Securities Act modified.
Latest Action: 10/18/2007 - Bills identical, SF substituted Bill Text
RST ENGROSSMENT
Financial institutions debt, charges, expenses, electronic financial terminals,
and investments regulated.
Section 1: Corporation may be member or stockholder of federal agency language
modified.
Section 2: Additional charges language added.
Section 3: Authorization, terms, conditions, and prohibitions language added.
Section 4: General authority language modified.
Section 5-6: Retirement, health savings, and medical savings account language
added.
Section 7: in lieu of surety bond language modified.
Section 8: Fees language modified.
Section 9: Repealer provided.
Section 10: Effective date; application language provided.
JAJ 3/27/7
Latest Action: 05/18/2007 - House concurred and repassed bill Bill Text
URTH ENGROSSMENT
Financial institution access cards regulated, and security breach liability
established.
Section 1: Access devices; breach of security language provided.
JAJ 5/18/7
Latest Action: 03/12/2007 - Referred by Chair to Labor and Consumer Protection Division Bill Text
High-cost home loans counseling and disclosures required.
Latest Action: 05/21/2007 - House rule 4.20, interim disposition of bills, returned to Public Safety and Civil Justice Bill TextRST ENGROSSMENT Omnibus real property bill providing mortgage regulation, regulating homeowner transactions, prohibiting predatory lending practices, modifying other actions, prescribing criminal penalties, and providing remedies. ARTICLE 1: MORTGAGES Section 1: Sale of certain information prohibited language provided. Section 2: Residential mortgage originator licensing requirements language modified. Section 3: Residential mortgage servicer licensing requirements language modified. Section 4: Exemptions from license language modified. Section 5: Application contents language added. Section 6: Waiver language provided. Section 7: Exemption language modified. Section 8: Amounts language modified. Section 9: Examinations language provided. Section 10: Education requirement language provided. Section [...] show full description
Latest Action: 02/26/2007 - Referred by Chair to Labor and Consumer Protection Division Bill Text
Gift cards; Congress requested, by resolution, to limit fees and expiration
dates associated with gift cards issued by federal banks.
Latest Action: 02/19/2007 - Introduction and first reading, referred to Commerce and Labor Bill Text
Financial institutions prohibited from imposing a service charge to cash certain
checks.
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Latest Legislation - View All
Latest Action: 04/23/2008 - Introduction and first reading Bill Text
Relating to civil actions; moving mortgage redemption sales to the end of the
current redemption period, defining postnotice reinstatement period and service
of the notice of a foreclosure sale upon the occupants; eliminating mortgagee
redemption rights; requiring surplus to be paid to junior lienors in order of
priority; authorizing the federal government to exercise the right to redeem
after foreclosure sales under the condition of a federal tax lien and requiring
certificate of sale redemption period reference; repealing certain provisions
relating to redemption
(rt)
Latest Action: 02/18/2008 - Introduction and first reading Bill TextProviding an income tax credit for costs incurred for the rehabilitation of certain certified historic structures located in the Fergus Falls historical zone; providing for a carryback and carryforward of tax liability; requiring pass through of credits granted to partnerships or limited liability companies (LLC) taxed as partnerships or multiple owners of property to the partners, members or owners, authorizing transfer, sale or assignment of the credits and use to offset income taxes imposed; requiring taxpayer application to the state historic preservation office of the Minnesota historical society before beginning the project, requiring the office to determine the amount of eligible rehabilitation costs, eligibility certificate issuance requirement and fee charging authority; authorizing the taxpayers to elect in lieu of the credit to receive a historic rehabilitation mortgage credit certificate, specifying terms [...] show full description
Latest Action: 02/18/2008 - Introduction and first reading Bill Text
Creating a limited security interest for cosigner of a loan agreement to
purchase a motor vehicle; lien exceptions
(je)
Also tagged in: Appropriations, Commerce Department, Counties, Credit and Credit Services, Data Practices and Privacy, Education and Education Department, Insurance, Insurance-Health, Mortgages and Deeds, Occupations and Professions, Real Estate, Telecommunications and Information Technology
Latest Action: 03/15/2007 - Comm rpt: To pass as amend & re-ref to Finance Bill Text
1E Authorizing the commissioner of commerce to establish and maintain an
electronic licensing database system for license origination, renewal and
tracking the completion of continuing education requirements of individual
insurance agent licensees, requiring the commissioner to pay for database costs
through imposition of a continuing education technology surcharge, specifying a
maximum surcharge fee, establishing the commerce department technology account,
permitting commissioner surcharge reduction or suspension upon reaching a
certain account balance; prohibiting an individual from selling, soliciting and
negotiating long term care insurance unless licensed as an insurance producer
for accident and health or sickness insurance or life insurance and has
completed an initial training course and ongoing training, specifying training
requirements
(me)
Latest Action: 02/01/2007 - Introduction and first reading Bill Text
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Also tagged in: Agriculture and Agriculture Department, Boards, Councils, Counties, Disadvantaged, Drugs and Medicine, Energy, Forests and Trees, Housing and Housing Finance Agency, Insurance-Health, Legal Proceedings, Revisor of Statutes, Water and Soil Conservation
Latest Action: 05/21/2007 - Committee report: To pass as amended Bill Text1E Revisor's bill; correcting miscellaneous oversights, inconsistencies, ambiguities, unintended results and technical errors relating to fiduciary transactions power of attorney forms; correcting section number references to a law relating to an appropriation from the forest management investment account, making a technical correction to a certain prior appropriation to the board of water and soil resources (BOWSR); making certain technical corrections to the omnibus energy, natural resources, energy and commerce appropriations bill; modifying a certain provision relating to the review of heating and cooling systems in state funded buildings; modifying a certain provision permitting the return of certain unused drugs and medical devices from county jails; clarify the availability of an appropriation for the agricultural best management practices loan program; changing the date for the commissioner of agriculture to [...] show full description
Latest Action: 03/29/2007 - Comm rpt: To pass and re-referred to Rules and Administration Bill Text
A resolution requesting congress to limit fees and expiration dates assigned to
federal bank issued gift cards
(rt)
Latest Action: 02/05/2007 - Introduction and first reading Bill Text
Requiring and providing for the commissioner of transportation (DOT) to fund
state highway and transit infrastructure projects with transportation
certificates; specifying certain certificates use and form requirements;
requiring and providing for acceptance and monetization of the certificates by
state chartered banks
(ra)
Latest Action: 05/17/2007 - Gen Ord: Stricken and re-referred to Judiciary Bill Text
1E Adding legislators as nonvoting members of the gang and drug oversight
council and the financial crimes oversight council; requiring an annual report
from the financial crimes oversight council to the legislature
(je)
Latest Action: 01/25/2007 - Introduction and first reading Bill Text
Relating to financial institutions; requiring lenders to receive certification
from authorized independent home loan counselors of borrowers receiving
counseling for high cost home loans; specifying certain lender disclosure
requirements; providing for enforcement by the commissioner of commerce
(ra)
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