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fiver <br />MEMORANDUM <br />TO: Housing & Redevelopment Authority <br />FROM: Catherine Mehelich, Director of Economic Development <br />DATE: July 6, 2009 <br />SUBJECT: INFORMATION: Notice of Foreclosure Prevention Counseling <br />Attachment <br />• 2008 Minnesota Statutes 580.21 Foreclosure Prevention Counseling <br />At its June 2009 meeting several HRA Commissioners inquired about additional <br />communication methods beyond the city cable ad, brochures in public spaces, and city <br />website to let the public know about foreclosure prevention/counseling services. <br />Staff mentioned at the meeting about recent legislation that now requires as a prerequisite to <br />foreclosure, notification to homeowners of the availability of foreclosure counseling. <br />Attached is a copy of the 2008 Minnesota Statutes 580.021. In summary the statute requires <br />the foreclosing party to inform the homeowner that it will transmit the homeowner's contact <br />information to a foreclosure counseling agency so that the agency may contact the <br />homeowner. Related statutes also address requirements for notice to renters of a pending <br />foreclosure and resources available, as well as provide mandatory language for both notices <br />(Minn. Stat. 580.22, 580.041, 580.042). <br />