Minnesota § 58.21 APPLICABILITY; EXCLUSIONS

Minnesota Statutes

§ 58.21 — APPLICABILITY; EXCLUSIONS

Minnesota § 58.21

PartBANKING

Ch. 58MORTGAGE ORIGINATOR AND SERVICER LICENSING

This text of Minnesota § 58.21 (APPLICABILITY; EXCLUSIONS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 58.21 (2026).

Text

Subdivision 1.Applicability. Sections58.20to58.23apply to covered institutions. For entities within a holding company or an affiliated group of companies, sections58.20to58.23apply at the covered institution level. Subd. 2.Exclusions.

(a)Sections58.20to58.23do not apply to (1) persons exempt from licensing under sections58.04and58.05, and (2) an institution of the Farm Credit System established and authorized in accordance with the Farm Credit Act of 1971, as amended, United States Code, title 12, section 2001 et seq.

(b)Section58.22does not apply to (1) servicers that solely own or conduct reverse mortgage servicing, or (2) the reverse mortgage portfolio administered by a covered institution.

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Subdivision 1.Applicability.
Sections58.20to58.23apply to covered institutions. For entities within a holding company or an affiliated group of companies, sections58.20to58.23apply at the covered institution level.

Subd. 2.Exclusions.
(a) Sections58.20to58.23do not apply to (1) persons exempt from licensing under sections58.04and58.05, and (2) an institution of the Farm Credit System established and authorized in accordance with the Farm Credit Act of 1971, as amended, United States Code, title 12, section 2001 et seq.
(b) Section58.22does not apply to (1) servicers that solely own or conduct reverse mortgage servicing, or (2) the reverse mortgage portfolio administered by a covered institution.