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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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