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Senate bill toughens lending standard
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The Minnesota Senate gave preliminary approval Tuesday to a bill that would allow lenders to verify a borrower's ability to pay and prohibit them from relying on just one source of repayment, such as income. The bill is an attempt to curb the granting of mortgages without a deep examination of a borrower's ability to repay the loan.
PATRICIA LOPEZ
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Current state office holders
Governor: Tim Pawlenty
One of only a few prominent Republicans to win a competitive re-election contest in the Democratic sweep of 2006, Tim Pawlenty is widely seen as politically shrewd and naturally likable.
- Lt. Governor: Carol Molnau
- Secretary of State: Mark Ritchie
- Attorney General: Lori Swanson
- State Auditor: Rebecca Otto
Minnesota's political giants: Learn more about the men and women who have shaped Minnesota's political history.
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