Minn. R. agency 148, ch. 4900, MULTIUNIT DEVELOPMENT MORTGAGE LOANS, pt. 4900.0350

Current through Register Vol. 49, No. 17, October 21, 2024

Part 4900.0350 - DISBURSEMENT OF LOAN WITH EVIDENCE OF INDEBTEDNESS

The commissioner of the agency shall not permit any disbursement of an approved mortgage loan until such loan is evidenced by a fully executed note or other evidence of indebtedness, a mortgage, appropriate evidence of insurance, if applicable, and by such other instruments as the commissioner may in specific cases deem necessary or appropriate.

Minn. R. agency 148, ch. 4900, MULTIUNIT DEVELOPMENT MORTGAGE LOANS, pt. 4900.0350

L 1987 c 186 s 15

Statutory Authority:MS s 462A.06