CANCELLATION OF MEDIATION PROCEEDING

Subpart 1. Cure of default. If the debtor cures the default of the debt specified in the mediation notice before the first mediation meeting, the statewide program office shall cancel the mediation proceeding upon receipt of a written statement from the debtor and creditor indicating that the default has been cured. Subp. 2. Agreement reached before the first mediation meeting. If the debtor and the creditor who served the mediation notice have reached an agreement before the first mediation meeting, the statewide program office shall cancel the mediation proceeding upon receipt of a written statement from the creditor and debtor indicating that an agreement has been reached. Statutory Authority: MS s 583.285 History: 14 SR 1418; 28 SR 1360