Minnesota Statutes

Minn. Stat. § 47.203 (2026)

Federal Preemption Override

✓ current as of May 2026

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The provisions of Public Law 96-221, title V, part A, section 501(a)(1) (United States Code, title 12, section 1735f-7a), do not apply with respect to a loan, mortgage, credit sale or advance made in this state after June 2, 1981, nor with respect to a loan, mortgage, credit sale or advance secured by real property located in this state and made after June 2, 1981.

Notes of Decisions

Cited in 5 cases, 1981–2011 · leading case: Holiday Acres No. 3 v. Midwest Fed. Sav. & Loan Ass'n, 308 N.W.2d 471 (Minn. 1981).

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Holiday Acres No. 3 v. Midwest Fed. Sav. & Loan Ass'n, 308 N.W.2d 471 (Minn. 1981). · cites it 2× “Laws 1127, codified at Minn.Stat. § 47.203. 4 . If the purpose of a conventional loan is to enable a borrower to purchase a one to four family dwelling for his or her primary residence, the lender shall consent to the subsequent transfer of the real estate if the existing…”

Nw. Fed. Sav., Etc. v. Ternes, 315 N.W.2d 296 (N.D. 1982). “[8] Minn.Stat. § 47.203 provides as follows: "The provisions of Pub.”

Nw. Fed. Sav. & Loan Ass'n of Fargo v. Ternes, 315 N.W.2d 296 (N.D. 1982). “Minn.Stat. § 47.203 provides as follows: “The provisions of Pub.”

Baughman v. Mellon Mortg. Co., 621 N.W.2d 776 (Minn. Ct. App. 2001). · cites it 3× “' § 47.203, but it also exercised its own right to preempt statutes like Minn.”

Taft v. Wells Fargo Bank, N.A., 828 F. Supp. 2d 1031 (D. Minnesota 2011). · cites it 2× “Minn.Stat. §§ 47.203, 47.58, 47.59, and 48.”

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