{"data":{"id":"us-mn/minn.-stat.-117.087","jurisdiction":"us-mn","citation":"Minn. Stat. § 117.087","heading":"PREPAYMENT PENALTIES; DAMAGES.","body":"When property is taken pursuant to this chapter and it is security for a loan or advance of credit with a provision requiring or permitting the imposition of a penalty if the loan or advance of credit is prepaid, the cost of the penalty is an item of damages which shall be separately stated.\nWhen property is purchased by a body having the power of eminent domain the buyer shall inquire whether it is security for a loan or advance of credit with a provision requiring or permitting the imposition of a penalty if the loan or advance of credit is prepaid and, if so, the penalty shall be an item considered by the parties in the negotiation of the price.","path":["EMINENT DOMAIN; LOCAL DEPOSITORIES AND INVESTMENTS","CHAPTER 117. EMINENT DOMAIN"],"source_url":"https://www.revisor.mn.gov/statutes/cite/117.087","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:32Z","sha256":"2595a8bfae67eb3c819470daa0515353ab2a060c4ee107f289fc2f8d6b250709","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-117.086","next":"us-mn/minn.-stat.-117.09"},"notice":"GroundRules: Original legal text. Not legal advice."}