1999 Minnesota Code
Chapters 570 - 583 Compensatory and Collection Remedies
Chapter 583 Mortgage and Contract for Deed Moratoriums
Section 583.284 Retention of purchase money security interest.
583.284 Retention of purchase money security interest.
If a creditor has a purchase money security interest as defined in section 336.9-107, and renegotiates the debt under the Farmer-Lender Mediation Act to reduce the principal balance or the interest rate or to extend the repayment period, the creditor retains the purchase money security interest for the renegotiated debt.
HIST: 1987 c 292 s 32
* NOTE: This section is repealed effective July 1, 1999, by *Laws 1989, chapter 350, article 16, section 8, as amended by *Laws 1990, chapter 525, section 1; Laws 1991, chapter 208, *section 2; Laws 1993, First Special Session chapter 2, article *6, section 2; Laws 1995, chapter 212, article 2, section 11; *Laws 1997, chapter 183, article 3, section 29; Laws 1998, *chapter 395, section 7; and Laws 1998, chapter 402, section 6.
Disclaimer: These codes may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
