Minnesota Lender-Fee Cap & Prepayment-Penalty Standards Policy
Minnesota's Section 58.137 pricing limits for mortgage brokers and lenders — the five per cent cap on financed lender fees, the four prime-loan prepayment-penalty limits, the outright ban on a higher-rate loan, the prescribed substantial-penalty warning and its four deliveries, and the investment-purpose exception that lifts all of it.
Tailored to your shop
Answer a few questions once and the policy assembles itself around your company — three ways.
Your identity
Legal name, NMLS ID, officers, comp figures, and dates fill in once and flow through every policy.
[Company Legal Name]Acme Mortgage, LLCWhat you do
Broker, banker, both, or servicing — sections that don’t apply disappear; the rest render the right version.
Where you’re licensed
A federal baseline honors any greater state rule, and state overlays layer each licensed state’s requirements on top.
Federal baseline+ CA · TX · FLBuild your whole compliance program
Most shops start with the package that matches what they do, then fill gaps à la carte. Either way, every policy is tailored, trained, and kept current.