Real Estate Section: Mortgage Modification, Dual Tracking, Possible CFPB Regulations and the Implications of Minnesota Statutes Section 582.043 on the Foreclosure Process
Presenter: Orin J. Kipp, Wilford, Geske & Cook, A Professional Association
The Minnesota Legislature passed Minnesota Statutes Section 582.043 in 2013, which dictates the processes a mortgage servicer must abide by when pursuing modification agreements with borrowers. The Consumer Financial Protection Bureau is also currently drafting regulations to cover these processes on the national level. Join us as we explore Minnesota’s new requirements, their implications on the foreclosure process, and how the federal regulations, if finalized, may affect Minnesota’s statutory requirements.
Time: 12:00 to 1:00 p.m.
Registration (& lunch): 11:30 a.m. to 12:00 p.m.
Location: First National Bank Building Room N110**, 332 Minnesota St., St. Paul. NOTE DIFFERENT ROOM!
Credit: 1 Standard Credit approved; Code #184414
Cost (includes lunch): $20 RCBA members; $30 non-members
**Room N110 is located in the northeast corner of the building, just inside the building entrance on Robert Street, just south of Fifth Street.
*Live Teleconference is not available for this CLE.