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1,133 chapters · 28,363 sections in this title.
Minn. Stat. § 462D.01 CITATION.
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462D.01 CITATION. This chapter may be cited as the "First-Time Home Buyer Savings Account Act." History: 1Sp2017 c 1 art 1 s 36
Minn. Stat. § 462D.02 DEFINITIONS.
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462D.02 DEFINITIONS. § Subdivision 1.Definitions. For purposes of this chapter, the following terms have the meanings given. § Subd. 2.Account holder. "Account holder" means an individual who establishes, individually or jointly with one or more other individuals, a first-time ho…
Minn. Stat. § 462D.03 ESTABLISHMENT OF ACCOUNTS.
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462D.03 ESTABLISHMENT OF ACCOUNTS. § Subdivision 1.Accounts established. An individual may open an account with a financial institution and designate the account as a first-time home buyer savings account to be used to pay or reimburse the designated qualified beneficiary's eligi…
Minn. Stat. § 462D.04 ACCOUNT HOLDER RESPONSIBILITIES.
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462D.04 ACCOUNT HOLDER RESPONSIBILITIES. § Subdivision 1.Expenses; reporting. The account holder must: (1) not use funds in a first-time home buyer savings account to pay expenses of administering the account, except that a service fee may be deducted from the account by the fina…
