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Creditors Rights Law

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Is A Confession Of Judgment Allowed?

A confession of judgment is allowed in Minnesota when signed and verified by the debtor. However, a confession of judgment is not enforceable in the state of Minnesota in connection with a retail installment contract for the sale of a motor vehicle. Additionally, a confession of judgment obtained pursuant to a power of attorney clause contained in a consumer credit contract is unenforceable. A one­year statute of limitations applies to confessions of judgment, and typically begins to run on the date of default.