Minnesota Legislature
SF 2149
as introduced - 90th Legislature (2017 - 2018) Posted on 03/16/2017 09:37am
Current Version - as introduced
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A bill for an act
relating to motor vehicles; authorizing motor vehicle dealers to charge a
documentary or document administration fee in certain instances; amending
Minnesota Statutes 2016, sections 53C.01, subdivision 2; 168.27, by adding a
subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2016, section 53C.01, subdivision 2, is amended to read:
Subd. 2.
Cash sale price.
"Cash sale price" means the price at which the seller would
in good faith sell to the buyer, and the buyer would in good faith buy from the seller, the
motor vehicle which is the subject matter of the retail installment contract, if such sale were
a sale for cash, instead of a retail installment sale. The cash sale price may include any taxes,
charges for delivery, servicing, repairing, or improving the motor vehicle, including
accessories and their installation, and any other charges agreed upon between the parties.
The cash price may deleted text begin notdeleted text end include a documentary fee or document administration fee deleted text begin in excess
of $75 for services actually rendered to, for, or on behalf of, the retail buyer in preparing,
handling, and processing documents relating to the motor vehicle and the closing of the
retail saledeleted text end new text begin authorized under section 168.27, subdivision 31new text end . deleted text begin "Documentary fee" and "document
administration fee" do not include an optional electronic transfer fee as defined under
subdivision 14.
deleted text end
Sec. 2.
Minnesota Statutes 2016, section 168.27, is amended by adding a subdivision to
read:
new text begin Subd. 31. new text end
new text begin Documentary fee. new text end
new text begin
A motor vehicle dealer may not charge a documentary fee
or document administration fee in excess of $150 for services actually rendered to, for, or
on behalf of the retail buyer or lessee to prepare, handle, and process documents for the
closing of a motor vehicle retail sale or lease. The fee must be separately stated on the sales
agreement maintained under Minnesota Rules, part 7400.5200, and may be excluded from
the dealer's advertised price. "Documentary fee" and "document administration fee" do not
include an optional electronic transfer fee as defined under section 53C.01, subdivision 14.
new text end