2025 Session
Last amended: 2023 session
§ 325N.07 — Penalty
Plain-Language Summary
This section describes the remedies available to homeowners who are harmed by violations of this law. Homeowners can sue for damages and may be able to void fraudulent transactions.
325N.07 PENALTY.
Any person who commits any violation described in section 325N.04 may, upon conviction, be fined not more than $10,000 or imprisoned not more than 364 days or both. Prosecution or conviction for any violation described in section 325N.04 will not bar prosecution or conviction for any other offenses. These penalties are cumulative to any other remedies or penalties provided by law.
History:
2004 c 263 s 7,26; 2007 c 106 s 22; 2008 c 341 art 5 s 23; 2023 c 52 art 6 s 16
History: History: 2004 c 263 s 7,26; 2007 c 106 s 22; 2008 c 341 art 5 s 23; 2023 c 52 art 6 s 16
Practical Notes
If a foreclosure rescue company or equity purchaser violated this law, you can sue them. You may be able to undo the transaction, recover damages, and in some cases get your attorney fees paid.