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10 Wm. Mitchell L. Rev. 805 (1984)
Depression Jurisprudence Revisited: Minnesota's Moratorium on Mortgage Foreclosure

handle is hein.journals/wmitch10 and id is 857 raw text is: DEPRESSION JURISPRUDENCE REVISITED: MINNESOTA'S MORATORIUM ON MORTGAGE FORECLOSURE ROLAND C. AMUNDSONt & LEWIS J. ROTMANtt The Minnesota Legislature has twice acted to provide rehef to morigagors and contract vendees in economically hard times. The ejects of the De- pression prompted a two-year moratorium on mortgage foreclosure which was enacted in 1933 and extended untilJuly 1942. In response to the current unemployment crisis and low farm commodiy prices, the Minne- sota Legislature enacted the state's second moratorium in May 1983. The legislature recently extended the moratorium for another year. Profes- sor Amundson and L.J. Rotman's thorough examination of these morato- ria concludes with innovative considerations for providing more complete relief to deserving homeowners and farmers. I. INTRODUCTION ........................................ 806 II. MORTGAGE FORECLOSURE AND CONTRACT FOR DEED TERMINATION PROCEDURES ................. 809 A. Contract for Deed Termination ..................... 810 B. Mortgage Foreclosure .............................. 813 C Redemptor Periods ............................... 815 III. A HISTORY OF MORATORIA LEGISLATION .......... 816 A. Ancient Moratoria ................................ 816 B. The American Experience with Moratoria Legislation. 817 C Minnesota's First Experience with a Mortgage Foreclosure Moratorium ............................ 821 t Member, Minnesota Bar. Mr. Amundson received his B.A. from Gustavus Adolphus College in 1971 and his J.D. from Notre Dame in 1975. He is presently a part- ner in the Minneapolis firm of Amundson & Campbell. Mr. Amundson is also an adjunct professor at William Mitchell College of Law where he teaches a course on mortgage law. tt LJ. Rotman received his B.A. from the University of Colorado in 1980 and his J.D. from William Mitchell College of Law in 1984. He served as an Executive Editor on the William Mtchell Law Review and authored Note, Regulatig Timeshare Interests in Minne- sota. A Comprehensive Solution, 10 WM. MITCHELL L. REV. 115 (1984). Mr. Rotman sur- vived Professor Amundson's course on mortgage law. Mr. Rotman intends to become an associate with the Minneapolis firm of Halpern & Druck. The authors are in the process of completing a mortgage law treatise which will focus on Minnesota case law.

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