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HF 581

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/27/2023 05:10pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to motor vehicles; making a technical change to requirements governing
motor vehicle titles and disclosure; amending Minnesota Statutes 2022, section
325F.6641, subdivision 2.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2022, section 325F.6641, subdivision 2, is amended to read:


Subd. 2.

Disclosure requirements.

(a) If a motor vehicle dealer licensed under section
168.27 offers a vehicle for sale in the course of a sales presentation to any prospective buyer
the dealer must provide a written disclosuredeleted text begin ,deleted text end and deleted text begin an oral disclosuredeleted text end new text begin ,new text end except for sales
performed online, new text begin an oral disclosure new text end of:

(1) prior vehicle damage as required under subdivision 1;

(2) the existence or requirement of any title brand under section 168A.05, subdivision
3
, 168A.151, 325F.6642, or 325F.665, subdivision 14, if the dealer has actual knowledge
of the brand; and

(3) if a motor vehicle, which is part of a licensed motor vehicle dealer's inventory, has
been submerged or flooded above the bottom dashboard while parked on the dealer's lot.

(b) If a person receives a flood disclosure as described in paragraph (a), clause (3),
whether from a motor vehicle dealer or another seller, and subsequently offers that vehicle
for sale, the person must provide the same disclosure to any prospective subsequent buyer.

(c) Written disclosure under this subdivision must be signed by the buyer and maintained
in the motor vehicle dealer's sales file in the manner prescribed by the registrar of motor
vehicles.

(d) The disclosure required in subdivision 1 must be made in substantially the following
form: "To the best of my knowledge, this vehicle has ..... has not ..... sustained damage in
excess of 80 percent actual cash value."