Minnesota Gov. Mark Dayton signed a bill that adds certain professions to the list of those exempted from the state’s closing agent licensing law.
Under current law, no one can act as a real estate closing agent unless they are licensed as provided by section 82.641 of the Minnesota Statutes. The commissioner of insurance issues closing agent licenses as to people who qualify for the license under the terms of the law.
Under the bill, HF 2705, sponsored by Reps. Pat Mazorol, R-Bloomington; and Steve Simon, DFL-St. Louis Park, licensed attorneys and direct employees of licensed attorneys would be exempt from the licensing requirements under section 82.641.
The bill went into effect on May 2, the day after Gov. Dayton signed it.