Minnesota amended its Residential Mortgage Originator and Servicer Licensing Act (MRMOSLA). New servicer standards under Minn. Stat. § 58.131 cover account statements, escrow, payment crediting, servicing transfers, and borrower notifications, while expanded recordkeeping under § 58.14 adds retention rules for written information requests and certain borrower phone calls. Effective August 1, 2026.
Click the link below to read the full text of H. F. No. 4188