Current through Register Vol. 48, No. 39, March 25, 2024
Subpart 1.
Older model vehicle.
When a dealer buys an older model vehicle to be dismantled or
destroyed, the dealer shall report to the registrar and shall surrender the
certificate of title to the registrar. Completion of the title in the name of
the seller is not required. The dealer shall complete the report and shall
submit it to the registrar within 30 days of taking delivery of the vehicle. A
dealer's obligation to report the vehicle is met if the title has previously
been surrendered to an appropriate titling authority.
Subp. 2.
Late model or high value
vehicle.
When a dealer buys a late model or high value vehicle to be
dismantled or destroyed, the dealer shall report to the registrar and shall
surrender the certificate of title to the registrar. The "Assignment by Seller"
portion of the title must be completed and all security interests must be
released. A dealer's obligation to report the vehicle and surrender the title
is met if the title has previously been surrendered to an appropriate titling
authority.
A. This item applies to a
dealer licensed as a used vehicle parts dealer or a scrap metal processor, but
not licensed as any other type of dealer. Within ten days of taking delivery of
the vehicle, the dealer shall either complete the report or have an
authorization from the owner or insurer of the vehicle. The dealer shall submit
the report and the title to the registrar within ten days of receiving the
title.
B. This item applies to a
dealer that is licensed as a new motor vehicle dealer, used motor vehicle
dealer, vehicle salvage pool, motor vehicle lessor, motor vehicle wholesaler,
or motor vehicle auctioneer. Within 48 hours of taking delivery of the vehicle,
the dealer shall either complete the report as set out in subpart
3
or meet all the requirements of part
7400.5100 for holding a vehicle
for resale.
(1) If the dealer completes the
report in subpart
3, the dealer shall submit
the report and the title to the registrar within ten days of receiving the
title.
(2) If the dealer meets all
the requirements of part
7400.5100 for holding a vehicle
for resale and later decides to dismantle or destroy the vehicle, the dealer
shall complete a report and shall submit the report and the title to the
registrar within ten days of making the decision or within ten days of
receiving the title, whichever is later.
Subp. 3.
Report.
The dealer shall make the report on a form created or
approved by the registrar. A copy of the report must be maintained and made
available for the registrar's inspection for three years after the decision to
dismantle or destroy the vehicle. The report must include the following
information:
A. the dealer's name and
dealer number;
B. a complete
description of the vehicle, including the model year, make, model, body style,
vehicle identification number, license plate number, and state of registration;
and
C. the seller's name and
driver's license number. When the seller is a corporation, limited liability
company, or partnership, the dealer shall include on the report the full name
of the seller and of the person authorizing the sale in place of the seller's
driver's license number. When the person selling the vehicle does not have a
driver's license number available, the dealer shall include on the report the
seller's full name and date of birth. When a dealer holds a vehicle for resale
and later decides to dismantle or destroy the vehicle, the dealer may write
"NOT AVAILABLE" in place of the seller's driver's license number. The
registrar's acceptance of information on the report in place of the driver's
license number is only for meeting the reporting requirements of subparts
1 and
2. The reporting does not
serve to relieve the dealer of liability to the owner of the vehicle if the
seller of the vehicle did not have authority to sell the vehicle.
Subp. 4.
Title.
A title acquired by the dealer must be maintained and made
available for the registrar's inspection until the title is surrendered to the
registrar.
Statutory Authority: MS s
299A.01
