Chapter 462D — First-Time Home Buyer Savings Account Act
Minnesota Statutes Chapter 462D — First-Time Home Buyer Savings Account Act
462D.01
Citation
Names this the First-Time Home Buyer Savings Account Act.
462D.02
Definitions
Defines terms for the first-time home buyer savings account law.
462D.03
Establishment of Accounts
Lets individuals open a savings account designated for home buying.
462D.04
Account Holder Responsibilities
Lists the account holder's responsibilities.
462D.05
Financial Institutions
Says banks do not have to monitor account compliance.
462D.06
Subtraction; Addition; Additional Tax
Provides tax benefits for first-time home buyer savings account interest.