[ The latest news for Minnesota Housing homeownership lender partners ]
Taxpayer First Act - Impact on Loan File Review
The Taxpayer First Act was signed into law on July 1, 2019, and includes a provision that persons receiving tax return information must obtain the express permission of taxpayers prior to disclosing it to any other person. This component of the law goes into effect on December 28, 2019.
Minnesota Housing and U.S. Bank will require lenders to be compliant with the provisions outlined in the Taxpayer First Act for all Minnesota Housing loans. U.S. Bank will begin reviewing for the new consent form on all credit and closed loan packages delivered to U.S. Bank on and after December 13, 2019.
Please see the U.S. Bank Seller Guide Updates SEL-2019-065 for additional information and resources. As always, we encourage lenders to consult their compliance and legal business members with any questions, as they are your source of professional guidance and regulatory compliance.
Monthly Minnesota Housing Update & Underwriter Call
Join us monthly to review recent Minnesota Housing updates and important information to help you originate and process our loans. Click here to register for the monthly calls.
When you register, you will be signed up for all sessions but can attend the sessions that work for you. All calls occur on the second Thursday of the month from 9:00-10:00 a.m. CST. Next sessions are:
  • Thursday, December 12
eLearning and Recorded Trainings
Check out our quick, on-demand eLearning courses:
  • Intro to Minnesota Housing (10 minutes)
  • Start Up Eligibility Basics (10 minutes)
  • Start Up Income Training (25 minutes)
  • Start Up Forms (20 minutes)
  • Downpayment and Closing Cost Loans (10 minutes)
  • Post-closing (10 minutes)
  • Step Up Overview (10 minutes) NEW!
View the instructions to create an eLearning account to access these on-demand trainings. If you already created an account, view your training record and take the course.
Recorded Webinars (on-demand):
Enter your information, click on "Register" and the webinar will begin.
Questions?
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 8:00 a.m. and 5:00 p.m. on business days.
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