Mortgage foreclosure process modified to allow for online sales and private selling officers.
This bill modifies Minnesota's mortgage foreclosure process to allow for online sales and the use of private selling officers, directly affecting homeowners, lenders, and foreclosure professionals. It requires foreclosure notices to include specific details about online sale websites and private officer contact information, while also clarifying rules for calculating damages when notice requirements are not properly followed. The legislation updates statutory language to reflect these new sale methods and ensures foreclosure advice notices clearly inform homeowners about their options and available help resources.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2026
Committee Review
Floor Vote
Governor
Introduced Mar 23, 2026
Last action Mar 23, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Mar 23, 2026
Introduced
Introduction and first reading, referred to Judiciary Finance and Civil Law
lower
1 primary · 1 co-sponsor
Sponsors
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