Minnesota 2025-2026 Regular Session

Minnesota Senate Bill SF1769

Introduced
2/24/25  

Caption

Requirements modification for well disclosures certificates

Impact

The implementation of SF1769 is expected to affect Minnesota Statutes, particularly sections concerning real property transactions and the responsibilities of sellers regarding well disclosures. By establishing clear disclosure requirements, the bill is designed to enhance environmental safety and public health by ensuring that water sources are properly monitored and that potential buyers are aware of any risks associated with wells on their properties. This legislative change will necessitate the development of a new information technology system to manage the submission and retrieval of well disclosure certificates, which is set to be fully operational by June 30, 2028.

Summary

SF1769 is a legislative bill introduced in Minnesota that modifies the requirements for well disclosure certificates specifically for the sale or transfer of real property. The bill mandates that sellers disclose the status and location of any wells on the property before the transfer, which aims to ensure that buyers are well-informed regarding potential water sources and their conditions. A notable requirement is that sellers must submit a well disclosure certificate to the commissioner of health, alongside a nonrefundable fee of $50, which will help in maintaining records regarding well statuses across the state.

Contention

One potential point of contention within the discussions surrounding SF1769 could arise from the fee requirement imposed on sellers or buyers during property transactions. Critics may argue that this imposes an additional financial burden on property transactions, particularly in rural areas where well usage is common. Furthermore, the requirement for a well disclosure certificate might lead to disputes regarding the accuracy of disclosures between buyers and sellers, especially in situations where the condition of wells is not clearly documented or known. Overall, ensuring that all parties adhere to these new regulations will be essential to the effective implementation of the bill.

Companion Bills

MN HF1430

Similar To Well disclosure certificates modified, fee established, and money appropriated.

Similar Bills

MN HF1430

Well disclosure certificates modified, fee established, and money appropriated.

MN SF969

Subsurface drain tile disclosure requirement

TX SB1994

Relating to residential mortgage loans, including the financing of residential real estate purchases by means of a wrap mortgage loan; providing licensing requirements; authorizing an administrative penalty.

TX HB90

Relating to residential mortgage loans, including the financing of residential real estate purchases by means of a wrap mortgage loan; providing licensing requirements; authorizing an administrative penalty.

TX SB42

Relating to residential mortgage loans, including the financing of residential real estate purchases by means of a wrap mortgage loan; providing licensing and registration requirements; authorizing an administrative penalty.

TX HB216

Relating to residential mortgage loans, including the financing of residential real estate purchases by means of a wrap mortgage loan; providing licensing and registration requirements; authorizing an administrative penalty.

TX SB43

Relating to residential mortgage loans, including the financing of residential real estate purchases by means of a wrap mortgage loan; providing licensing and registration requirements; authorizing an administrative penalty.

AZ HB2091

Land division; applicant submissions; review