CONDITIONS AND LIMITATIONS ON CERTAIN MORTGAGE TRANSACTIONS
- Section 645B.300 - Written appraisal of real property required; persons authorized to perform appraisal; retention and inspection of appraisal; exceptions
- Section 645B.305 - Requirement that loan include disclosure concerning fees
- Section 645B.307 - Mortgage company required to include his or her license number or identifying number with loan
- Section 645B.310 - Requirements for mortgage company to assign interest in loan
- Section 645B.320 - Copy of recorded deed of trust must be mailed to each investor
- Section 645B.330 - Limitations on use of power of attorney
- Section 645B.340 - Multiple holders of beneficial interest in loan: Holders of majority of outstanding principal balance may act on behalf of all holders for certain matters; notice; exception
- Section 645B.350 - Mortgage company required to provide investors certain options before acquiring ownership or beneficial interest in loan
- Section 645B.351 - Mortgage company prohibited from including in loan document provision which requires participation in binding arbitration in event of dispute
- Section 645B.352 - Written servicing agreement required before servicing loan
- Section 645B.353 - Mortgage company prohibited from releasing borrower or guarantor from personal liability without certain approval
- Section 645B.354 - Restrictions on withholding money from certain investors; loan servicing agreement may contain provision which provides written consent to withhold money
- Section 645B.355 - Mortgage company prohibited from acting as construction control
- Section 645B.356 - Restrictions on placing private investor into certain entities before foreclosure of real property securing loan
- Section 645B.357 - Restriction on collection of fees by mortgage company; application of fees