Minnesota Statutes 580.022 – Forms
Terms Used In Minnesota Statutes 580.022
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Subdivision 1.Counseling form.
The notice required under section 580.021, subdivision 2, clause (2), must be printed on colored paper that is other than the color of any other document provided with it and must appear substantially as follows:
“PREFORECLOSURE NOTICE
Foreclosure Prevention Counseling
Why You Are Getting This Notice
We do not want you to lose your home and your equity. Government-approved nonprofit agencies are available to, if possible, help you prevent foreclosure.
We have given your contact information to an authorized foreclosure prevention counseling agency to contact you to help you prevent foreclosure.
Who Are These Foreclosure Prevention Counseling Agencies
They are nonprofit agencies who are experts in housing and foreclosure prevention counseling and assistance. They are experienced in dealing with lenders and homeowners who are behind on mortgage payments and can help you understand your options and work with you to address your delinquency. They are approved by either the Minnesota Housing Finance Agency or the United States Department of Housing and Urban Development. They are not connected with us in any way.
Which Agency Will Contact You
[insert name, address, and telephone number of agency]
You can also contact them directly.”
Subd. 2.Notice of Counseling and Request for Contact Information form.
The notice required in section 580.021, subdivision 4, must be substantially in the following form:
“PREFORECLOSURE NOTICE
NOTICE OF PROVISION OF FORECLOSURE PREVENTION COUNSELING AND REQUEST FOR MORTGAGEE CONTACT INFORMATION
[Insert agency name] has been contacted by your customer regarding foreclosure prevention counseling in response to the current foreclosure proceedings involving the customer’s real property. Please provide the following contact information pursuant to Minnesota Statutes, section 580.021, subdivision 4, by completing and returning this form via fax [insert fax number] or via email at [insert email address].
| To be completed by Counseling Agency |
| Consumer Name: . |
| CONSUMER CONTACT INFORMATION: |
| Address: . |
| City, State, Zip Code: . |
| Daytime Phone: . |
| Nighttime Phone: . |
| PROPERTY AT RISK FOR FORECLOSURE (if differs from above): |
| Address: . |
| City, State, Zip Code: . |
| COUNSELING AGENCY CONTACT: |
| Name: . |
| Agency: . |
| Phone: . |
| Fax: . |
| Email: . |
| To be completed by Lender | |
| Contact Name: . | |
| Address: . | |
| City, State, Zip Code: . | |
| Phone: . | |
| Fax: . | |
| Email: . | “ |