Section 559.205 Contracts for Deed; Modification
559.205 CONTRACTS FOR DEED; MODIFICATION.
Notwithstanding any law to the contrary, a renegotiated contract for deed or an agreement modifying the terms of a contract for deed which was valid at its inception shall not be construed as creating a mortgage or an equitable mortgage. This section does not modify any other requirements relating to contracts for deed.
History:
1982 c 500 s 2