--- title: "Document Updates: Minnesota Prepayment Disclosure at Application (Cx1892) & Minnesota Prepayment Disclosure at Closing (Cx1893)" description: Join the First American network of trusted title agents with comprehensive tools and resources. --- - Solutions - [Overview](https://docutech.com/solutions/) - [Document Solutions](https://docutech.com/solutions/document-solutions) - [eClosing](https://docutech.com/solutions/eclosing/) - [Document Generation](https://docutech.com/solutions/document-generation) - [Fulfillment](https://docutech.com/solutions/solutions-fulfillment) - Resources - [Overview](https://docutech.com/resources/) - [Solution Briefs](https://docutech.com/resources/solution-briefs) - [Request a Demo](https://docutech.com/docutech-request-a-demo) - [Compliance](https://docutech.com/resources/compliance) - [Blog](https://blog.docutech.com) - Partners - [Overview](https://docutech.com/partners/) - About Us - [Overview](https://docutech.com/about-us/) - [Contact Us](https://docutech.com/about-us/contact-us) - Let's Talk - Solutions - [Overview](https://www.docutech.com/solutions?hsLang=en) - [Document Solutions](https://www.docutech.com/solutions/document-solutions?hsLang=en) - [eClosing](https://www.docutech.com/solutions/eclosing?hsLang=en) - [Document Generation](https://www.docutech.com/solutions/document-generation?hsLang=en) - [Fulfillment](https://www.docutech.com/solutions/solutions-fulfillment?hsLang=en) - Resources - [Overview](https://www.docutech.com/resources?hsLang=en) - [Solution Briefs](https://www.docutech.com/resources/solution-briefs?hsLang=en) - [Request a Demo](https://www.docutech.com/docutech-request-a-demo?hsLang=en) - [Compliance](https://www.docutech.com/resources/compliance?hsLang=en) - [Blog](https://blog.docutech.com/) - Partners - [Overview](https://www.docutech.com/partners?hsLang=en) - About Us - [Overview](https://www.docutech.com/about-us?hsLang=en) - [Contact Us](https://www.docutech.com/about-us/contact-us?hsLang=en) # Document Updates: Minnesota Prepayment Disclosure at Application (Cx1892) & Minnesota Prepayment Disclosure at Closing (Cx1893) Jul 23, 2026 Per Minn. Stat. Ann. §58.137(2)(b), the following disclosure is required to be made within five (5) days of making a loan application and within three (3) days before closing: THIS IS VERY IMPORTANT THIS LENDER CHARGES YOU A SUBSTANTIAL PENALTY IF YOU PAY OFF OR REFINANCE YOUR LOAN BEFORE MATURITY. ASK THE LENDER HOW MUCH THE PENALTY WILL BE FOR YOUR LOAN. On April 29, 2026, Minnesota House File Number 3437 was enacted with the following changes: Section 1. Minnesota Statutes 2024, section 58.137, is amended by adding a subdivision to read: - Subd. 4. **Exception.** Subdivisions 1 and 2 do not apply to a residential mortgage loan that is a purchase money, first lien, or DSCR loan, as defined in section 58.20, subdivision 5a, if: - (1) the loan is made for investment purposes only; - (2) no borrower, guarantor, or cosigner intend to or do occupy the residential real property securing the loan; and - (3**)** the seller does not continue to occupy the residential real property after the sale. Sec. 2. Minnesota Statutes 2024, section 58.20, is amended by adding a subdivision to read: - Subd. 5a. **Debt service coverage ratio loan or DSCR loan.** “Debt service coverage ratio loan” or “DSCR loan” means a mortgage: - (1) that is not a qualified mortgage, as defined in United States Code, title 15, section 1639c; - (2) secured by investment property; and - (3) where the lender’s decision to make the loan is based on the expected cash flow to be generated from the investment property instead of the borrower’s personal income. **EFFECTIVE DATE.** This section is effective August 1, 2026, and applies to residential mortgage loans executed on or after that date. As a result, FI 194774 “Print Minnesota Prepayment Penalty Disclosure” has been recently created. If any of the exemptions listed above apply to the loan transaction, **both** FI 20136 “Loan Has Prepayment Penalty” and FI 194774 “Print Minnesota Prepayment Penalty Disclosure” should be set to equal “No”. The disclosures will now print under the following conditions: Cx1892 “MN Prepayment Disclosure at Application”: Base Type (2274) = Conventional State Code (2279) = Minnesota Document Package Type (18215) = Initial Disclosure Loan Has Prepayment Penalty (20136) = Yes Print Minnesota Prepayment Penalty Disclosure (194774) = Yes Cx1893 “MN Prepayment Disclosure at Closing”: Base Type (2274) = Conventional State Code (2279) = Minnesota Document Package Type (18215) = Closing Loan Has Prepayment Penalty (20136) = Yes Print Minnesota Prepayment Penalty Disclosure (194774) = Yes These changes are available for testing on Stage & Stage 2 servers and will take effect on August 1, 2026. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584. *LEG-3809 T3S-28832* ###### The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third-party should consult with an attorney prior to embarking upon any specific course of action. [Return to Blog](https://compliance.docutech.com) ### Stay informed. --- Subscribe to emails to get notified when new content is published. ### Category / Topics ### Recent Posts No related posts found. The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action. Solutions - [Overview](https://docutech.com/solutions/) - [Document Solutions](https://docutech.com/solutions/document-solutions) - [eClosing](https://docutech.com/solutions/eclosing/) - [Document Generation](https://docutech.com/solutions/document-generation) - [Fulfillment](https://docutech.com/solutions/solutions-fulfillment) Resources - [Overview](https://docutech.com/resources/) - [Solution Briefs](https://docutech.com/resources/solution-briefs) - [Request a Demo](https://docutech.com/docutech-request-a-demo) - [Compliance](https://docutech.com/resources/compliance) - [Blog](https://blog.docutech.com) Partners - [Overview](https://docutech.com/partners/) About Us - [Overview](https://docutech.com/about-us/) - [Contact Us](https://docutech.com/about-us/contact-us) Connect - 1795 International Way Idaho Falls, ID 83402 - Toll Free  [800-497-3584](tel:+8004973584) - Office  [208-715-3186](tel:+2087153186) - Support  [Send a Message](https://docutech.atlassian.net/servicedesk/customer/user/login?destination=portals) --- - [Privacy Policy](https://www.firstam.com/privacy-policy/) - [Accessibility](https://www.firstam.com/accessibility/) - [Terms of Use](https://www.firstam.com/terms-of-use/) --- ©2023 First American Mortgage Solutions, LLC. All rights reserved. First American Mortgage Solutions, LLC, and its affiliates make no express or implied warranties respecting the information presented and assume no responsibility for errors or omissions. Title insurance and settlement services are provided by First American Title Insurance Company, an affiliate of First American Mortgage Solutions, LLC. First American, the eagle logo, firstam.com, CleanFile Solutions®, ConformX®, Docutech, the Docutech logo, FirstMod®, and Solex® are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. MISMO® and SMART Doc® are trademarks of the Mortgage Industry Standards Maintenance Organization. MERS® is a trademark of MERSCORP Holdings, Inc., doing business as ICE Mortgage Technology. All rights reserved. Other products and services are or may be trademarks of their respective owners. References to third parties and their products and services are not intended to imply affiliation with or sponsorship of or by First American Financial Corporation and/or its affiliates. Do Not Sell or Share My Personal Information Back to top ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Fred Gooch", "url" : "https://compliance.docutech.com/author/fred-gooch" }, "dateModified" : "2026-07-23T18:53:29.145Z", "datePublished" : "2026-07-23T18:53:29.000Z", "headline" : "Document Updates: Minnesota Prepayment Disclosure at Application (Cx1892) & Minnesota Prepayment Disclosure at Closing (Cx1893)", "mainEntityOfPage" : { "@id" : "https://compliance.docutech.com/document-updates-minnesota-prepayment-disclosure-at-application-cx1892-minnesota-prepayment-disclosure-at-closing-cx1893", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://compliance.docutech.com/hubfs/Docutech_White_RGB-1.png" }, "name" : "First American Mortgage Solutions" } } ```