Minnesota SF4168 modifies residential mortgage loan fees and penalties for personal, family, or household purposes.
Minnesota SF4168 amends the application of certain residential mortgage loan fees and penalties, specifically targeting loans made primarily for personal, family, or household purposes. This change applies to both residential mortgage originators within and outside the state of Minnesota. The modifications will take effect on August 1, 2026, and apply to loans executed on or after that date.
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