Minnesota Anti Equity Stripping Law
http://HomeEquityTheft.blogspot.com
Minnesota's anti "equity stripping" statute, which was the state's response in curbing the abuses in the foreclosure rescue, foreclosure bailout loan business, became effective on August 1, 2004. It is found in the Minnesota Statutes, Chapter 325N, available here.
Minnesota attorney Brian S. McCool has written an article on Chapter 325N which provides some insight on the basics of this law.
Inspite of the new law, the scams continue, according to this St. Paul Pioneer Press report at twincities.com.
The law, as originally written, is set to expire on December 31, 2009.
Minnesota's anti "equity stripping" statute, which was the state's response in curbing the abuses in the foreclosure rescue, foreclosure bailout loan business, became effective on August 1, 2004. It is found in the Minnesota Statutes, Chapter 325N, available here.
Minnesota attorney Brian S. McCool has written an article on Chapter 325N which provides some insight on the basics of this law.
Inspite of the new law, the scams continue, according to this St. Paul Pioneer Press report at twincities.com.
The law, as originally written, is set to expire on December 31, 2009.
posted by Home Equity Theft Reporter at 9:15 AM
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