Minnesota § 507.402 - DISCHARGE OF MORTGAGE FROM CONTRACT FOR DEED SELLER

Full text of Minnesota Minnesota Statutes § 507.402 — DISCHARGE OF MORTGAGE FROM CONTRACT FOR DEED SELLER, with citation guidance and answers to common questions.

§ 507.402. DISCHARGE OF MORTGAGE FROM CONTRACT FOR DEED SELLER

A mortgage that encumbers the seller's interest in a contract for deed ceases to encumber real property described in a deed given pursuant to the contract if the purchaser has not joined in or consented to the mortgage in a recorded instrument and the mortgage is recorded subsequent to the recording of the contract.

History:

2003 c 5 art 2 s 2

Official Publication of the State of Minnesota
Revisor of Statutes

Source: official Minnesota text · Last verified 2026-08-27

Related Minnesota Legal Topics

Frequently Asked Questions About Minnesota § 507.402

What does Minnesota Statutes § 507.402 cover?

Section 507.402 ("DISCHARGE OF MORTGAGE FROM CONTRACT FOR DEED SELLER") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Minnesota § 507.402?

A common citation format is "Minnesota Statutes § 507.402" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Minnesota law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.

How does Minnesota § 507.402 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.