On Apr. 30, 2025, MN LEG governor approved bill; bill assigned Session law Chapter 9.
Certain sections effective day after enactment (May 1, 2025), others on Aug. 1, 2025.
On Apr. 23, MN LEG issued bill related to deed contract, taxes owed.
MN LEG passed bill HF 1792 (companion SF 505) related to changes for contracts for deed, to modify the definition of investor seller, and to make technical changes.
Removes a reference to determine the time frame for taxes owed re contract for deed.
Updates investor seller definition re application of contract for deed, adds exemptions to investor seller as state agency, political subdivision, legal entity with single owner.
Updates the terms in a notice that has to be sent to purchaser for a contract for deed.
Legislative History
On Mar. 3, 2025, bill introduced in House; on Apr. 3, 2025, bill was passed in House.
On Apr. 7, 2025, bill delivered to Senate; on Apr. 22, 2025, bill was passed in Senate.
On Apr. 23, 2024, bill returned to House, pending delivery to the governor for action.
Effectiveness
Sec. 1 and 2 effective the day following enactment, Sec. 3-7 effective Aug. 1, 2025.
Apr. 2025 MN LEG Governor Approval
On Apr. 30, 2025, MN LEG governor approved bill; bill assigned Session law Chapter 9.
Certain sections effective day after enactment (May 1, 2025), others on Aug. 1, 2025.
