Minnesota legislation · 94th Legislature 2025-2026
Minnesota SF4747: Mortgage foreclosure process modification to allow for online sales and private selling officers
Status: In committee, April 13, 2026
What the bill says
A bill for an act relating to real property; modifying the mortgage foreclosure process to allow for online sales and private selling officers; amending Minnesota Statutes 2024, sections 580.032, subdivisions 6, 7; 580.04; 580.041, subdivisions 2, 2a; 580.042, subdivision 3; 580.06; 580.09; 580.11; 580.12; 580.14; 580.19; 580.23, subdivision 1; 580.30, subdivision 2; 582.031; 582.032, subdivisions 4, 5, 7, 9; 582.041, subdivision 2; 582.042, subdivisions 3, 4; 582.25; Minnesota Statutes 2025 Supplement, sections 580.07, subdivisions 1, 2; 580.10, by adding a subdivision; 580.24…
From the introduced text, March 20, 2026:
A bill for an act relating to real property; modifying the mortgage foreclosure process to allow for online sales and private selling officers; amending Minnesota Statutes 2024, sections 580.032, subdivisions 6, 7; 580.04; 580.041, subdivisions 2, 2a; 580.042, subdivision 3; 580.06; 580.09; 580.11; 580.12; 580.14; 580.19; 580.23, subdivision 1; 580.30, subdivision 2; 582.031; 582.032, subdivisions 4, 5, 7, 9; 582.041, subdivision 2; 582.042, subdivisions 3, 4; 582.25; Minnesota Statutes 2025 Supplement, sections 580.07, subdivisions 1, 2; 580.10, by adding a subdivision; 580.24; 582.03, subdivisions 1, 2; proposing coding for new law in Minnesota Statutes, chapter 580. Section 1. Minnesota Statutes 2024, section 580.032, subdivision 6, is amended to read: Subd. 6. Remedies. If notice of the sale is not mailed in accordance with subdivision 4 to a person with a properly recorded request for notice, the person requesting notice has a cause of action against the person foreclosing the mortgage for money damages for the lesser of: (1) the equity in the mortgaged premises that would have been available to the person if the person had redeemed; or (2) the value of the person's redeemable interest. The value of a lienholder's redeemable interest is the amount due on and secured by the lien. The person requesting notice has the burden of proving that the notice of the sale was not …