Compliance News: Minnesota Scrubs Subprime References
On May 7, 2019 Gov. Tim Walz (DFL) signed into law MN HF 1840 (2019) which removes references to “subprime” in several sections of Minnesota’s Statutes (see https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1840&ssn=0&y=2019), including references in Minn. Stat. Ann. § 58.13(1)(a)(18), which requires certain disclosures for loans with a lower investment grade….