Minnesota HF1792 modifies the definition of investor seller in contracts for deed and makes technical changes to related statutes.

Minnesota HF1792 amends the definition of "investor seller" in contracts for deed, clarifying that certain family members and entities controlled by them are not considered investor sellers. It also mandates that investor sellers disclose the purchase price and acquisition date of the property to the purchaser. The bill makes technical changes to various sections of Minnesota Statutes, including those related to the recording of deeds and the termination of contracts for deed. The changes are effective the day following final enactment.

Minnesota HF1792 modifies the definition of investor seller in contracts for deed and makes technical changes to related statutes.

Minnesota HF1792 amends the definition of "investor seller" in contracts for deed, clarifying that certain family members and entities controlled by them are not considered investor sellers. It also mandates that investor sellers disclose the purchase price and acquisition date of the property to the purchaser. The bill makes technical changes to various sections of Minnesota Statutes, including those related to the recording of deeds and the termination of contracts for deed. The changes are effective the day following final enactment.