Minnesota HF2014 modifies notice requirements for conventional loan mortgage documents.

Minnesota HF2014 amends the notice requirements for conventional loan mortgage documents. It mandates that promissory notes and mortgages be printed in a minimum 8-point type or legibly handwritten. The mortgage must include a provision for the lender to provide the borrower with a conformed copy of the promissory note and mortgage at execution. Additionally, the mortgage must contain a provision for the lender to give the borrower written notice of any default, specifying the nature of the default, the action required to cure it, and a 30-day deadline to cure.

Minnesota HF2014 modifies notice requirements for conventional loan mortgage documents.

Minnesota HF2014 amends the notice requirements for conventional loan mortgage documents. It mandates that promissory notes and mortgages be printed in a minimum 8-point type or legibly handwritten. The mortgage must include a provision for the lender to provide the borrower with a conformed copy of the promissory note and mortgage at execution. Additionally, the mortgage must contain a provision for the lender to give the borrower written notice of any default, specifying the nature of the default, the action required to cure it, and a 30-day deadline to cure.