1.1 	A bill for an act
1.2 	relating to motor vehicles; authorizing commissioner
1.3 	of public safety to remove from department records
1.4 	certain old liens on passenger automobiles; amending
1.5 	Minnesota Statutes 2004, section 168A.20, by adding a
1.6 	subdivision.
1.7 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.8 	Section 1. Minnesota Statutes 2004, section 168A.20, is
1.9 	amended by adding a subdivision to read:
1.10 		Subd. 5.Satisfaction of automobile lien seven years old;
1.11 	release. (a) A security interest perfected under this chapter
1.12 	expires seven years from the perfection date for a passenger
1.13 	automobile, as defined in section 168.011, subdivision 7.
1.14 	(b) A lien holder may notify the department in writing or
1.15 	in a format approved by the department during the sixth year of
1.16 	the lien, no later than 90 days in advance of the seven-year
1.17 	anniversary, if the lien will not be satisfied during this
1.18 	registration period and the lien must be extended up to seven
1.19 	additional years as requested by the lien holder.