Definition modification of investor seller
SF 505 modifies the definition of "investor seller" in Minnesota's contracts for deed statutes. This change directly affects how sellers are classified in these agreements, altering the legal framework for property transfers under Minnesota law. The bill amends multiple statutes including sections 272.12 (related to deeds and taxes) and 559.21 (contracts for deed), with specific provisions adding a new subdivision to 559A.01. The exact wording of the revised definition is not detailed in the provided bill text.
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 23, 2025
Last action Apr 9, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Introduction
→
1st Engrossment
·
2 edits
·
Feb 20, 2025
MINOR
The bill has been updated from its introduction to its first engrossment version, reflecting changes made during the legislative process. The most significant substantive change is the revision of the effective date for multiple sections, shifting from an automatic trigger (the day after final enactment) to a fixed calendar date of August 1, 2025. This provides greater certainty for stakeholders regarding when the new laws will take effect.
Scope change
The scope and applicability of the bill remain unchanged; only the timing of when the provisions become active has been modified.
TIMELINE
The effective date for Sections 4 through 7 was changed from 'the day following final enactment' to a specific date of 'August 1, 2025', establishing a fixed start date for the law's operation.
TECHNICAL
The document title was updated from 'Introduction' to '1st Engrossment', and the posting date was changed from February 19, 2025, to April 10, 2025, indicating the bill has progressed through initial review and amendment stages.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
1
Committee
2
Feb 20, 2025
Upper · Passed
Comm report: To pass as amended
upper
Jan 23, 2025
Committee
Referred to Judiciary and Public Safety
upper
Jan 23, 2025
Introduced
Introduction and first reading
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Zaynab Mohamed
DDemocratic-Farmer-Labor
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