| 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: 04/30/2008 - HF substituted on General Orders HF3332
Bill Text
Regulating surcharges on credit cards; eliminating the requirement for sellers
to orally inform purchasers of surcharges under certain conditions; authorizing
a seller of goods or services to impose a minimum amount allowable for purchases
with a credit or debit card
(ra)
| | 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: 02/25/2008 - Introduction and first reading
Bill Text
Permitting natural resources department (DNR) electronic licensing agents to
charge a higher fee to in person customers using credit cards and requiring
agents to post appropriate informational signs near the point of payment
(rt)
| | Also tagged in: Appropriations, Banks and Financial Institutions, Commerce Department, Counties, 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: 02/28/2008 - Introduction and first reading
Bill Text
Regulating consumer small loans; modifying the definition of consumer small
loan; specifying a loan limit; regulating lender charges; requiring lender
inquiry as to borrower military status; prohibiting loan making to certain
recent debtors; prohibiting certain practices; regulating installment payment
plans; modifying lender annual report requirements to the commissioner of
commerce; requiring lenders to furnish borrowers with written contract copies
and specifying contract disclosure requirements; prescribing penalties for
violations; expanding the definition of collection agency to include consumer
small loan collectors and defining consumer small loan collector; providing an
exemption from collector registration and licensing requirements
(rt)
| | Latest Action: 02/20/2008 - Introduction and first reading
Bill Text
Modifying consumer small loan lender charges
(me)
| | Latest Action: 02/12/2007 - Introduction and first reading
Bill Text
r /> | | Latest Action: 03/14/2007 - Author added Frederickson
Bill TextProviding an income tax credit for costs incurred for the rehabilitation of certain certified historic structures; 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 and conditions, restricting transfer of the [...] show full description | | Latest Action: 02/15/2007 - Introduction and first reading
Bill Text
Requiring the rural finance authority (RFA) to establish and implement a dairy
animal revolving loan program to help dairy producers purchase additional dairy
animals, specifying eligibility; authorizing the authority to make direct loans
or participate in loans with eligible lenders, specifying terms and conditions;
appropriating money to the commissioner of agriculture for deposit in the RFA
revolving loan account
(me)
| | Also tagged in: Agriculture and Agriculture Department, Animals and Pets, Appropriations-Omnibus Bills, Associations and Societies, Banks and Financial Institutions, Boards, Colleges and Universities, Energy, Fertilizers and Pesticides, Fuels, Military and Military Affairs Department, State Government-Finance, University of Minnesota, Veterans and Veterans Affairs Department Latest Action: 04/18/2007 - HF substituted by motion [HF2227]
Bill TextTICLE 1 - AGRICULTURE APPROPRIATIONS Appropriating money to the department of agriculture for certain protection services, invasive species control, meat, dairy and food inspections, emergency planning activities and livestock premise identification, for agricultural marketing and development including grants for the Minnesota promotion, sustainable agriculture demonstration projects, livestock siting and local zoning issues, integrated pest management, agricultural best management practices loan program and residential farmers cost share payments for organic certification, for value added agricultural products including ethanol production, Minnesota institute for sustainable agriculture, cellulosic biofuel facilities community ownership, Bois Forte band of Chippewa for renewable energy biofuels demonstration facility and White Earth band of Chippewa for a feasibility study of a renewable energy biofuels research [...] show full description | | Latest Action: 03/06/2008 - Introduction and first reading
Bill Text
Prohibiting insurance companies from rejecting, denying, canceling or increasing
rates of motor vehicle private passenger insurance or homeowner insurance due to
loss of spouse credit information due to spousal death or divorce
(rt)
| | Latest Action: 02/15/2007 - Introduction and first reading
Bill Text
r />
| | Also tagged in: Banks and Financial Institutions, Drivers Licenses, Training, and ID Cards, Motor Vehicles-Carriers, Motor Vehicles-Registration, Licensing, Taxation, Motorcycles and Motorbikes, Public Safety Department, Recreation and Amusement, School Buses, Telecommunications and Information Technology Latest Action: 03/08/2007 - Introduction and first reading
Bill Text
Increasing motor vehicle registration taxes for passenger automobiles, hearses,
motorcycles, farm trucks, trailers, truck tractor and semitrailer combinations,
buses and commuter vans, recreational vehicles, motorized bicycles and school
buses; requiring the commissioner of public safety to establish by a certain
date a credit debit card transaction system for fees acceptance; increasing
vehicle title, drivers license, permit and identification card fees
(rt)
| | Latest Action: 04/17/2007 - Committee report: To pass as amended
Bill Text2E Regulating the business of credit counseling and debt management services; clarifying debt management services providers under commissioner of commerce regulatory authority; defining certain terms; requiring debt management service providers to be registered after a certain date, requiring current licensed debt proraters to renew licenses as debt management service providers, allowing continuance for certain unlicensed debt proraters; requiring registration application to the commissioner of commerce in writing, providing for term and scope of registration, fees, surety bond, condition of bond, right of action on bond and a registrant list; requiring commissioner consent for registration transfers and assignments; requiring annual registration renewal and prescribing registrant duties; specifying registration denial conditions; authorizing the commissioner to suspend, revoke or refuse to renew registrations under certain show full description | | Latest Action: 04/21/2008 - Governor's action Approval 04/17/08
Bill Text
Custodial trust account use of debit or credit cards authorized to withdraw
funds. | | Latest Action: 04/03/2008 - HF substituted on General Orders HF3477
Bill Text
2E Relating to manufactured housing; providing for regulation of lending
practices and default for manufactured homes; specifying certain default notice
requirements; requiring certain second notice requirements and right to
reinstate loan by paying defaulted amount; providing for voluntary repossession
under certain conditions; modifying cure of default provisions; defining certain
terms; providing for the occurrence of negative amortization; specifying certain
standards of conduct for manufactured home lenders, exceptions; specifying
certain allowed interest, points, finance changes, fees and other charges;
prohibiting imposition of prepayment penalties; permitting exemptions for
manufactured home loans originated by a federal or state chartered bank, savings
bank or credit union
(ra)
| | Latest Action: 05/16/2007 - Reconsidered Motion to not concur
Bill Text
Car buyers' bill of rights enacted, disclosures required, and sale of
"certified" used motor vehicles regulated. | | Latest Action: 04/23/2008 - Governor's action Approval 04/21/08
Bill Text
Debt management services regulated, and obsolete criminal provision repealed. | | Latest Action: 03/31/2008 - House rule 1.21, placed on Calendar for the Day
Bill Text
Mortgage foreclosure provisions modified. | | Latest Action: 05/08/2009 - Governor's action Veto 05/08/08
Bill Text
Medical debt information regulated. | | Latest Action: 04/30/2008 - Governor's action Approval 04/25/05
Bill Text
Residential mortgage originators and services regulated, and borrower's ability
to pay verified. | | Latest Action: 05/08/2007 - Secretary of State Ch. 44 05/04/07
Bill Text
Financial institutions debt, charges, expenses, electronic terminals, and
investments regulated. | | Also tagged in: Associations and Societies, Business, Commerce Department, Contracts, Health and Health Department, Insurance, Insurance-Automobile, Insurance-Health, Legal Proceedings, Motor Vehicles, Real Estate, Trade Practices, Workers Compensation Latest Action: 05/08/2008 - Comm rpt: Subst. for SF on Calendar HF3783
Bill Text2E Relating to commerce; regulating motor vehicle retail installment fees, insurance fees, coverages, contracts, filings and forms; regulating financial planners, real estate appraisers, limited broker licenses, domestic mutual insurance companies, joint underwriting associations, service contracts and collection agencies; making technical and clarifying changes; increasing documentary or documentary administration fees for motor vehicle retail installment sales; defining motor vehicle manufacturer and regulating motor vehicle service contracts issued by motor vehicle manufacturers covering private passenger automobiles; changing service contract to include towing, rental and road service and hazard protections; specifying initial reinsurance intermediary license duration requirements; modifying duties of insurers using agents or brokers in a life insurance or annuity sale; clarifying changes for accident and health [...] show full description | | Latest Action: 03/17/2008 - Introduction and first reading, referred to Commerce and Labor
Bill Text
Credit, insurance, and other credit information use regulated. | | Also tagged in: Airports and Aircraft, Appropriations-Omnibus Bills, Cities and Towns, Cities and Towns-Specific, Councils, Counties, Drivers Licenses, Training, and ID Cards, Highways, Roads, and Bridges, Metropolitan Area, Public Safety Department, Railroads, State Government-Finance, State Patrol, Task Forces, Taxation, Taxation-Gasoline and Special Fuels Latest Action: 03/26/2007 - HF substituted by motion [HF946]
Bill TextTICLE 1 - TRANSPORTATION APPROPRIATIONS Providing a summary of appropriations; appropriating money to the commissioner of transportation (DOT) for multimodal systems, airport development and assistance, aviation support and services, transit, freight, rail, state roads, infrastructure investment and planning and support, state road construction, highway debt service, infrastructure operations and maintenance, electronic communications, local roads, county and municipal state aids, department support and buildings; authorizing certain fund transfers and state road construction appropriations use and providing for contingent appropriations, to the metropolitan council for bus transit and rail operations, to the commissioner of public safety for administration and related costs, office of communications, public safety support, technical support services, the state patrol for patrolling highways, commercial vehicle [...] show full description | | Latest Action: 03/13/2008 - Introduction and first reading
Bill Text
Limiting the use of credit and insurance scores and other credit information by
insurers
(me)
| | Latest Action: 03/13/2008 - Introduction and first reading
Bill Text
Modifying consumer small loans regulations; modifying the definition of consumer
small loan and modifying the loan limit; modifying lender authority and certain
loan terms and conditions; requiring a loan contract to include a provision
offering an optional extended payment plan and specifying certain regulations;
prohibiting certain practices; requiring lender display of notification of the
extended repayment plan and other locally available debt repayment services
(je)
| | Latest Action: 05/21/2007 - Introduction and first reading
Bill Text
Relating to motor vehicle sales; enacting a car buyers bill of rights; defining
regulation Z; modifying provisions relating to the retail installment contract
to include the amount of consideration the retail seller will receive from any
assignee or buyer; requiring retail sellers to provide prior to the sale or
lease of the motor vehicle, the credit scores of the buyer, specifying form and
content; requiring retail sellers or agents to offer written offers for vehicles
traded in, prohibiting oral offers; specifying written offers terms and
conditions; requiring certain disclosures from motor vehicle sellers relating to
damage or defects, material history, prior use and title brands; requiring a
contract cancellation option; providing for a limitation on action for warranty
claims
(ra)
| | Also tagged in: Appropriations, Appropriations-Omnibus Bills, Boards, Bonds, Public, Children-Child Care and Facilities, Colleges and Universities, Commissions, Committees, Councils, Education-Higher, Interstate Compacts and Agreements, Native Americans, Popular Names, Religion and Religious Beliefs, State Government-Finance, Students Latest Action: 05/10/2007 - Governor's action Veto Ch. 65 05/09/07
Bill TextTICLE 1 - HIGHER EDUCATION APPROPRIATIONS Providing a summary of appropriations; appropriating money to the Minnesota office of higher education for the state grants, public safety officers survivors, interstate tuition reciprocity, state work study, child care grants, Minitex, MnLINK gateway, learning network of Minnesota, Minnesota college savings plan, midwest higher education compact, intervention for college attendance program grants, achieve success and persistence through innovative rigorous education for students living in remote and underserved areas and to increase intervention for college attendance program (ICAP) grants, for the Minnesota campus compact for operations, to award campus community collaboration and service learning grants to certain postsecondary institutions and to support certain compact initiatives, for a grant to Augsburg college for the Step Up program for chemically dependent students [...] show full description | | Also tagged in: Agriculture and Agriculture Department, Animals and Pets, Appropriations, Appropriations-Omnibus Bills, Associations and Societies, Banks and Financial Institutions, Boards, Bonds, Public, Cities and Towns-Specific, Colleges and Universities, Councils, Counties, Energy, Fertilizers and Pesticides, Fuels, Military and Military Affairs Department Latest Action: 05/08/2007 - Secretary of State Ch. 45 05/04/07
Bill TextURTH ENGROSSMENT Omnibus agricultural and veterans affairs bill appropriating money; modifying revenue and fund disposition; modifying and creating funds, fees, and accounts; providing for NextGen energy; and changing veterans provisions. ARTICLE 1: AGRICULTURE Section 1: Summary of appropriations Section 2: Agriculture appropriations language provided. Section 3: Department of Agriculture appropriation language provided. Section 4: Board of Animal Health appropriation language provided. Section 5: Agricultural Utilization Research Institute appropriation language provided. Section 6: Compensation required language added. Section 7: Compensation language modified. Section 8: Cooperation with federal agencies language added. Section 9: Agricultural development grants and contracts language modified. Section 10: Establishment [...] show full description | | Latest Action: 02/14/2008 - Introduction and first reading, referred to Higher Education and Work Force Development Policy and Finance Division
Bill Text
MnSCU board policy on credit requirements clarified. | | Also tagged in: Agriculture and Agriculture Department, Appropriations, Appropriations-Omnibus Bills, Boards, Bonds, Public, Children-Child Care and Facilities, Colleges and Universities, Committees, Councils, Education-Higher, Interstate Compacts and Agreements, Native Americans, Popular Names, Religion and Religious Beliefs, State Government-Finance, Students Latest Action: 05/21/2007 - Returned from Senate with amendment
Bill TextTICLE 1 - HIGHER EDUCATION APPROPRIATIONS Providing a summary of appropriations; appropriating money to the Minnesota office of higher education for the state grants, public safety officers survivors, interstate tuition reciprocity, state work study, child care grants, Minitex, MnLINK gateway, learning network of Minnesota, Minnesota college savings plan, midwest higher education compact, intervention for college attendance program grants, the achieve scholarship program, rigorous high school courses and college attendance programs, for the Minnesota campus compact for operations, to award campus community collaboration and service learning grants to certain postsecondary institutions and to support certain compact initiatives, for a grant to Augsburg college for the Step Up program for chemically dependent students educational opportunities, to the Loan Repayment Assistance Program of Minnesota, Inc. for law [...] show full description | | Latest Action: 05/07/2008 - Secretary of State Ch. 273 05/05/08
Bill TextURTH ENGROSSMENT Lending practices and default regulation provided relating to manufactured housing. Section 1: Notice; service language is modified. Section 2: Court order language is modified. Section 3: Voluntary repossession language is provided. Section 4: Cure of default language is modified. Section 5: Reinstatement language is provided. Subdivision 1. Right to reinstate. Subdivision 2. Required notice; contents of notice. Subdivision 3. Action to repossess; termination of action. Subdivision 4. Allowable costs. Section 6: Borrower definition is provided. Section 7: Churning language is provided. Section 8: Manufactured home lender language is provided. Section 9: Manufactured home loan language is provided. Section 10: Negative amortization language is provided. Section 11: Duty of agency language [...] show full description | | Latest Action: 02/15/2007 - Author added Slocum
Bill Text
Consumer purchases by credit card regulated, and identity verification required. | | Latest Action: 04/30/2008 - Comm rpt: Rule 45-amend, sub Gen Ord SF3328
Bill Text
RST ENGROSSMENT
Credit card surcharges regulated.
Section 1: Limitation; prohibition language modified.
JAJ 4/28/08
| | Latest Action: 03/27/2008 - Author added McFarlane
Bill Text
Electronic licensing system agents permitted to charge a higher fee to credit
card users, and notification of higher fee to individuals required. | | Latest Action: 04/23/2007 - Secretary of State Ch. 18 04/20/07
Bill Text
COND ENGROSSMENT
Predatory mortgage lending practices prohibited.
Section 1: "Fully indexed rate" definition provided.
Section 2: General language modified.
Section 3: Financed interest, points, finance charges, fees and other charges
language modified.
Section 4: Disclosure requirements for certain residential mortgage originators
language modified.
Section 5: Compliance language added.
Section 6: Mortgage broker duties of agency language provided.
JAJ 3/28/7
| | Latest Action: 03/23/2007 - Committee report, to pass as amended and re-refer to Finance
Bill TextRST ENGROSSMENT Debt management services regulated, and money appropriated. Section 1: Scope language added. Section 2: General language modified. Section 3: Supervision over financial institutions language added. Section 4: Assessment authority language modified. Section 5: Telephone solicitation language added. Section 6: Definitions language modified. Section 7: Definitions provided. Section 8: Requirement of registration language provided. Section 9: Registration language provided. Section 10: Nonassignment of registration language provided. Section 11: Renewal of registration language added. Section 12: Other duties of registrant language added. Section 13: Denial of registration language added. Section 14: Suspending, revoking, or refusing to renew registration language provided. show full description | | Latest Action: 03/11/2008 - Introduction and first reading, referred to Commerce and Labor
Bill Text
Credit scoring regulated in cases of death of a spouse or divorce. | | Also tagged in: Associations and Societies, Business, Commerce Department, Contracts, Health and Health Department, Insurance, Insurance-Automobile, Insurance-Health, Legal Proceedings, Motor Vehicles, Real Estate, Trade Practices, Workers Compensation Latest Action: 05/15/2008 - Returned from Senate with amendment
Bill TextRST ENGROSSMENT Insurance fees, coverages, contracts, filings, and forms regulated, financial planners, real estate appraisers, domestic mutual insurance companies, and collection agencies regulated, and technical and clarifying changes made. Section 1: Cash sale price language is modified. Section 2: Scope and purpose language is modified. Section 3: Motor vehicle manufacturer language is provided. Section 4: Service contract language is modified. Section 5: Coverages, limitations, and exclusions language is modified. Section 6: Duration; fees language is modified. Section 7: Definitions are modified. Section 8: Duties of insurers that use agents or brokers language is modified. Section 9: Application language is modified. Section 10: Minimum benefits language is modified. Section 11: Required coverage language is modified.[...] show full description | | 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
| | Also tagged in: Banks and Financial Institutions, Builders and Building Contractors, Buildings and Building Codes, Cities and Towns, Commerce Department, Consumer Protection, Counties, Data Practices and Privacy, Housing and Housing Finance Agency, Land Use and Zoning, Lands, Legal Proceedings, Mortgages and Deeds, Real Estate, Taxation-Property Latest Action: 05/17/2007 - Senate concurred and repassed bill
Bill Text
Mortgage application information sale prohibited, homestead exemptions and
judgments involving sale of property enforcement regulated, real property
improvement construction damage actions limited, and creditors' land redemption
regulated. |
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