Under MN law, the legal maximum rate of interest on a written contract is 8%. See written MN statutes §334.01.
Subd. (2) record the contract for deed in the office of the county recorder or registrar of titles in the county in which the land is located.
Filing required. All contracts for deed executed on or after January 1, 1984, shall be recorded by the vendee within four months in the office of the county recorder or registrar of titles in the county in which the land is located. Any other person may record the contract.
You may come into the Recorder's Office and look at the official plat, order a copy online by entering the name of the plat instead of the document number, search for the property on LandShark GIS, search/download the plat using LandShark online searching, or contact the Public Works Department at 651-213-8700. 5.
In order to be recordable, a Minnesota deed must contain the name and address of the grantee(s) who are to receive the real property tax statement – unless the deed was executed or acknowledged outside of the State of Minnesota.