https://minnesotalawyer.com/statutes/chapter-325n/Recent content in Chapter 325N — Rescission of Solicitor Contract on MinnesotaLawyer.comHugoen-ushttps://minnesotalawyer.com/statutes/chapter-325n/325n.01/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.01/This section defines key terms used in the foreclosure rescue law. It explains what a ‘solicitor,’ ‘owner,’ ’equity purchaser,’ and ‘foreclosure reconveyance’ mean. A solicitor is someone who offers to help stop a foreclosure for compensation.https://minnesotalawyer.com/statutes/chapter-325n/325n.02/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.02/This section requires foreclosure solicitors to give homeowners a written notice explaining their rights before entering into any agreement. The notice must be in a specific format and language.https://minnesotalawyer.com/statutes/chapter-325n/325n.03/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.03/This section gives homeowners the right to cancel a foreclosure rescue agreement. You have a specific period to change your mind and cancel without penalty.https://minnesotalawyer.com/statutes/chapter-325n/325n.04/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.04/This section lists prohibited practices for foreclosure solicitors. They cannot charge certain fees, take your property interests, or engage in deceptive practices.https://minnesotalawyer.com/statutes/chapter-325n/325n.05/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.05/This section covers foreclosure reconveyances, which is when a homeowner sells their home to an ’equity purchaser’ with the understanding that they can buy it back or stay as a renter. These transactions are heavily regulated.https://minnesotalawyer.com/statutes/chapter-325n/325n.06/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.06/This section sets additional requirements for equity purchasers in foreclosure reconveyance transactions. These buyers must follow strict rules to protect the homeowner.https://minnesotalawyer.com/statutes/chapter-325n/325n.07/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.07/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.https://minnesotalawyer.com/statutes/chapter-325n/325n.08/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.08/This section addresses enforcement of this law by the state. The attorney general and other officials can take action against violators.https://minnesotalawyer.com/statutes/chapter-325n/325n.09/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.09/This section says this law cannot be waived. Any agreement that tries to give up the protections in this law is not valid.https://minnesotalawyer.com/statutes/chapter-325n/325n.10/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.10/This section addresses additional protections for homeowners facing foreclosure. It covers specific rules about foreclosure rescue services and equity purchasing transactions.https://minnesotalawyer.com/statutes/chapter-325n/325n.11/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.11/This section addresses additional protections for homeowners facing foreclosure. It covers specific rules about foreclosure rescue services and equity purchasing transactions.https://minnesotalawyer.com/statutes/chapter-325n/325n.12/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.12/This section addresses additional protections for homeowners facing foreclosure. It covers specific rules about foreclosure rescue services and equity purchasing transactions.https://minnesotalawyer.com/statutes/chapter-325n/325n.13/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.13/This section addresses additional protections for homeowners facing foreclosure. It covers specific rules about foreclosure rescue services and equity purchasing transactions.https://minnesotalawyer.com/statutes/chapter-325n/325n.14/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.14/This section addresses additional protections for homeowners facing foreclosure. It covers specific rules about foreclosure rescue services and equity purchasing transactions.https://minnesotalawyer.com/statutes/chapter-325n/325n.15/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.15/This section addresses additional protections for homeowners facing foreclosure. It covers specific rules about foreclosure rescue services and equity purchasing transactions.https://minnesotalawyer.com/statutes/chapter-325n/325n.16/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.16/This section addresses additional protections for homeowners facing foreclosure. It covers specific rules about foreclosure rescue services and equity purchasing transactions.https://minnesotalawyer.com/statutes/chapter-325n/325n.17/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.17/This section addresses additional protections for homeowners facing foreclosure. It covers specific rules about foreclosure rescue services and equity purchasing transactions.https://minnesotalawyer.com/statutes/chapter-325n/325n.18/Mon, 01 Jan 0001 00:00:00 +0000https://minnesotalawyer.com/statutes/chapter-325n/325n.18/This section addresses additional protections for homeowners facing foreclosure. It covers specific rules about foreclosure rescue services and equity purchasing transactions.