diff --git a/daemon/kmd/wallet/driver/sqlite.go b/daemon/kmd/wallet/driver/sqlite.go
index 5638869937..fabee925e4 100644
--- a/daemon/kmd/wallet/driver/sqlite.go
+++ b/daemon/kmd/wallet/driver/sqlite.go
@@ -1018,7 +1018,7 @@ func (sw *SQLiteWallet) LookupMultisigPreimage(addr crypto.Digest) (version, thr
 	row := db.QueryRow("SELECT version, threshold, pks FROM msig_addrs WHERE address=?", addr[:])
 	err = row.Scan(&versionCandidate, &thresholdCandidate, &pksBlob)
 	if err != nil {
-		err = errKeyNotFound
+		err = errMsigDataNotFound
 		return
 	}
 
diff --git a/daemon/kmd/wallet/driver/sqlite_errors.go b/daemon/kmd/wallet/driver/sqlite_errors.go
index 66915acdd9..79eef013e1 100644
--- a/daemon/kmd/wallet/driver/sqlite_errors.go
+++ b/daemon/kmd/wallet/driver/sqlite_errors.go
@@ -23,6 +23,7 @@ import (
 var errDatabase = fmt.Errorf("database error")
 var errDatabaseConnect = fmt.Errorf("error connecting to database")
 var errKeyNotFound = fmt.Errorf("key does not exist in this wallet")
+var errMsigDataNotFound = fmt.Errorf("multisig information (pks, threshold) for address does not exist in this wallet")
 var errSKToPK = fmt.Errorf("could not convert secret key to public key")
 var errSKToSeed = fmt.Errorf("could not convert secret key to seed")
 var errTampering = fmt.Errorf("derived public key mismatch, something fishy is going on with this wallet")