Notwithstanding any other law to the contrary, a residential mortgage originator making a residential mortgage loan to a borrower located in this state must comply with any applicable limits on the rate and amount of interest, discount points, finance charges, fees, and other charges as found in the laws of this state.
Nothing in this section authorizes a residential mortgage originator to make loans on terms and conditions that would not be available to it in the absence of this section.
This section applies to residential mortgage originators located in this state and residential mortgage originators located outside this state.
2001 c 56 s 9
Structure Minnesota Statutes
Chapter 58 — Mortgage Originator And Servicer Licensing
Section 58.03 — Classes Of License.
Section 58.04 — Licensing Requirement.
Section 58.05 — Exemptions From License.
Section 58.06 — Application Requirements For Residential Mortgage Originators And Servicers.
Section 58.08 — Bonds; Letters Of Credit.
Section 58.09 — Term Of License.
Section 58.11 — License Renewal.
Section 58.115 — Examinations.
Section 58.12 — Denial, Suspension, Revocation Of Licenses.
Section 58.125 — Prohibition On Service As A Residential Mortgage Originator.
Section 58.13 — Standards Of Conduct.
Section 58.136 — Rates And Charges.
Section 58.137 — Interest, Points, Finance Charges, Fees, And Other Charges.
Section 58.14 — Record Keeping And Notification Requirements.
Section 58.15 — Disclosure Requirements For Certain Residential Mortgage Originators.
Section 58.161 — Mortgage Broker Duties Of Agency.
Section 58.162 — Transaction Agents Or Servicers; Disclosure Of Note Owner Information To Mortgagor.
Section 58.17 — Scope Of Chapter.
Section 58.18 — Private Right Of Action.
Section 58.19 — Reverse Mortgage Loans Coordination With Chapter 47.