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  1. Sec. 47.601 MN Statutes

    by
    KristalEdgar4
    , 07-18-2022 at 08:47
    For the needs of this part, each new advance of cash to a borrower under a shopper quick-term mortgage agreement constitutes a brand new shopper quick-time period mortgage. A "shopper short-term loan" doesn't embody any transaction made beneath chapter 325J or a loan made by a consumer short-time period lender where, within the event of default on the mortgage, the only recourse for restoration of the amount owed, other than a lawsuit for damages for the debt, is to proceed against bodily ...
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