Section 386.62 — License Required.
386.62 LICENSE REQUIRED. No official, person, firm, association, or corporation shall engage in the business of making abstracts of title and issuing certificates showing ownership of, or interest in, or liens upon any lands in the state of Minnesota, whether registered or not, without first obtaining a license pursuant to the provisions of sections 386.62 […]
Section 386.65 — Examination Of Applicants For License.
386.65 EXAMINATION OF APPLICANTS FOR LICENSE. Subdivision 1. Procedure; conditions. Applications for a license shall be made to the commissioner and shall be upon a form to be prepared by the commissioner and contain such information as may be required by it. Each applicant must pass an examination approved for use by the commissioner. The […]
Section 386.66 — Bond Or Abstracter’s Liability Insurance Policy.
386.66 BOND OR ABSTRACTER’S LIABILITY INSURANCE POLICY. Before a license shall be issued, the applicant shall file with the commissioner an annual bond or abstracter’s liability insurance policy for each license year, to be approved by the commissioner, running to the state of Minnesota in the penal sum of at least $100,000 conditioned for the […]
Section 386.67 — Licensed Abstracter, Seal.
386.67 LICENSED ABSTRACTER, SEAL. A licensed abstracter furnishing abstracts of title to real property under the provisions hereof shall provide a seal, which seal shall show the name of such licensed abstracter, and shall file with the commissioner the signatures of persons authorized to sign certificates on abstracts and continuations of abstracts and certificates showing […]
Section 386.68 — Fees.
386.68 FEES. The following fees must be paid to the commissioner: an initial licensing fee of $50; and a license renewal fee of $40. History: 1957 c 871 s 9; 1975 c 419 s 3; 1976 c 222 s 197; 1993 c 369 s 132; 1995 c 68 s 12
Section 386.69 — Licenses.
386.69 LICENSES. Licenses issued by the commissioner under the provisions hereof shall recite that such bond or insurance policy has been duly filed and approved, and the license shall authorize the official, person, firm or corporation named in it to engage in and carry on the business of an abstracter of real estate titles in […]
Section 386.705 — Administrative Actions And Penalties.
386.705 ADMINISTRATIVE ACTIONS AND PENALTIES. An abstracter licensed under sections 386.62 to 386.76 is subject to the penalties imposed pursuant to section 45.027. The commissioner has all the powers provided in section 45.027 and shall proceed in the manner provided by that section in actions against abstracters. History: 1993 c 369 s 134; 2014 c […]
Section 386.706 — Rules.
386.706 RULES. The commissioner may adopt rules necessary for the administration of sections 386.62 to 386.76. History: 1993 c 369 s 135; 2014 c 222 art 2 s 37
Section 386.71 — Licensed Abstracters, Access To Public Records.
386.71 LICENSED ABSTRACTERS, ACCESS TO PUBLIC RECORDS. Licensed abstracters shall have access during ordinary office hours to the public records in the office of the county recorder in the county in which such abstracter is authorized to function, to make such memoranda, microfilm, photostats, photographs, or notations from the records thereof as may be necessary […]
Section 386.72 — Abstracter’s Certificate As Prima Facie Evidence.
386.72 ABSTRACTER’S CERTIFICATE AS PRIMA FACIE EVIDENCE. Any abstract of title, continuation thereof, or certificate showing ownership of, or interest in, or liens upon any lands in the state of Minnesota, whether registered or not, certified to be true and correct by any licensed abstracter under the signature and seal of such abstracter shall be […]