Minnesota SF2338 amends mortgage foreclosure redemption and surplus laws, including creditor redemption procedures and allowable costs.

Minnesota SF2338 amends several sections of Minnesota Statutes to revise mortgage foreclosure redemption and surplus laws. It modifies the procedures for creditor redemption, specifying that creditors must record notices and documents with county recorders and registrars of titles. The bill also details allowable costs for redemption, including taxes, fees, and attorney fees. Additionally, it sets rules for surpluses remaining after foreclosure sales, including how they are distributed among creditors and the owner. The changes are effective for redemptions occurring after January 1, 2026.

Minnesota SF2338 amends mortgage foreclosure redemption and surplus laws, including creditor redemption procedures and allowable costs.

Minnesota SF2338 amends several sections of Minnesota Statutes to revise mortgage foreclosure redemption and surplus laws. It modifies the procedures for creditor redemption, specifying that creditors must record notices and documents with county recorders and registrars of titles. The bill also details allowable costs for redemption, including taxes, fees, and attorney fees. Additionally, it sets rules for surpluses remaining after foreclosure sales, including how they are distributed among creditors and the owner. The changes are effective for redemptions occurring after January 1, 2026.