The commissioner must:
Except upon the exercise of the commissioner's right of subrogation under section 116J.8767, the commissioner has no legal or equitable interest in any collateral, security, or other right of recovery in connection with any loan enrolled in the program, and the commissioner's consent is not necessary for any amendment to the lender's loan documents.
Minn. Stat. § 116J.8762
1989 c 335 art 1 s 148; 2001 c 153 s 3