Minnesota Statutes
§ 60A.125 — APPRAISAL BY INDEPENDENT APPRAISER
Minnesota § 60A.125
This text of Minnesota § 60A.125 (APPRAISAL BY INDEPENDENT APPRAISER) 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. § 60A.125 (2026).
Text
Subdivision 1.Mortgage loans in the process of foreclosure.
An insurer may rely upon an appraisal by an independent appraiser to determine the carrying value of mortgage loans in the process of foreclosure only if the date of the appraisal is within six months of the date the foreclosure procedure is begun. If no appraisal exists, the insurer shall acquire an appraisal within six months after the foreclosure proceeding has begun.
Subd. 2.Real estate owned.
An insurer may rely upon an appraisal by an independent appraiser to determine the carrying value of real estate owned only if the date of the appraisal is within six months of the date when title to the property was acquired. If no appraisal exists, the insurer shall acquire an appraisal within six months after title to the property i
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Legislative History
1991 c 325 art 19 s 5
Nearby Sections
15
§ 60A.01
SCOPE§ 60A.02
DEFINITIONS§ 60A.03
COMMISSIONER OF COMMERCE§ 60A.031
EXAMINATIONS§ 60A.032
COMMISSIONER'S ORDERS, REPORT§ 60A.033
SCHEDULING CONFERENCE AND ORDER§ 60A.06
KINDS OF INSURANCE PERMITTED§ 60A.07
AUTHORIZATION AND REQUIREMENTS§ 60A.078
SHORT TITLE§ 60A.0782
DEFINITIONS§ 60A.0783
INSURABLE INTEREST REQUIRED§ 60A.0784
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Bluebook (online)
Minnesota § 60A.125, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/60A/60A.125.