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Updated over 16 years ago on .

User Stats

48
Posts
5
Votes
Amanda Herr
  • Real Estate Investor
  • Oakdale, MN
5
Votes |
48
Posts

Anyone From Minnesota Know the Loss Mit. Requirement?

Amanda Herr
  • Real Estate Investor
  • Oakdale, MN
Posted

I know this is a dumb question. I just want to know anyone who's from Minnesota is starting a Loss Mitigation Counselor (not a non-profit)? Is it legal in Minnesota. Do we need a license to operate the business? I came across with this website

http://www.state.mn.us/portal/mn/jsp/content.do?contentid=536917222&contenttype=EDITORIAL&agency=Commerce

I understand in MN Loan Mod. can't collect up front fee and must have loan broker license. I don't know if it's the same term with Loss Mitigation Consultant.