Subdivision 1. Residential mortgage originator services. This chapter applies when an offer of residential mortgage origination services is made to a borrower in this state or when the residential mortgage originator is located in this state.
Subd. 2. Residential mortgage servicing. The provisions of this chapter regarding residential mortgage servicing apply when the borrower is a resident of this state.
Subd. 3. Offer. For purposes of this section, an "offer" means any advertisement or solicitation of any type, including an advertisement or solicitation in newspapers and magazines, by mail, by telephone, on television, on radio, or via the Internet or any other electronic medium of any kind, for residential mortgage originator services. The term "offer" excludes an advertisement or solicitation that specifically states that the services are not available to Minnesota residents.
1998 c 343 art 1 s 17
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.