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Minnesota Legislature

Office of the Revisor of Statutes

Key: (1) language to be deleted (2) new language

                            CHAPTER 131-S.F.No. 778 
                  An act relating to motor vehicles; requiring release 
                  of a security interest in a vehicle to be acted on 
                  within seven days if satisfied by a dealer; modifying 
                  the placement of television screens in motor vehicles; 
                  amending Minnesota Statutes 1998, sections 168A.20; 
                  and 169.471, subdivision 1. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  Minnesota Statutes 1998, section 168A.20, is 
        amended to read: 
           168A.20 [SATISFACTION OF SECURITY INTEREST.] 
           Subdivision 1.  [CERTIFICATE WITH LATEST SECURED PARTY.] 
        Upon the satisfaction of a security interest in a vehicle for 
        which the certificate of title is in the possession of the 
        secured party, the secured party shall within 15 days, or seven 
        days if satisfied by a dealer licensed under section 168.27, 
        subdivision 2, 3, or 4, execute a release of security interest 
        in the space provided therefor on the certificate or as the 
        department prescribes, and mail or deliver the certificate and 
        release to the next secured party named therein, or if none, to 
        the owner or any person who delivers to the secured party an 
        authorization from the owner to receive the certificate.  The 
        owner, other than a dealer holding the vehicle for resale, shall 
        promptly cause the certificate and release, together with the 
        required fees and taxes, to be mailed or delivered to the 
        department, which shall release the secured party's rights on 
        the certificate or issue a new certificate. 
           Subd. 1a.  [TITLE ISSUED BEFORE JULY 1, 1990.] For titles 
        issued to the secured party before July 1, 1990, the secured 
        party shall hold the certificate of title until the security 
        interest is satisfied. 
           Subd. 2.  [CERTIFICATE WITH PRIOR SECURED PARTY.] Upon the 
        satisfaction of a security interest in a vehicle for which the 
        certificate of title is in the possession of a prior secured 
        party, the secured party whose security interest is satisfied 
        shall within 15 days, or seven days if satisfied by a dealer 
        licensed under section 168.27, subdivision 2, 3, or 4, execute a 
        release in the form the department prescribes and deliver the 
        release to the owner or any person who delivers to the secured 
        party an authorization from the owner to receive it.  The 
        secured party in possession of the certificate of title shall 
        either deliver the certificate to the owner, or the person 
        authorized by the owner, for delivery to the department, or upon 
        receipt of the release, mail or deliver it with the certificate 
        to the department, which shall release the subordinate secured 
        party's rights on the certificate or issue a new certificate. 
           Subd. 3.  [CERTIFICATE WITH OWNER.] Upon the satisfaction 
        of a security interest in a vehicle for which the certificate of 
        title is in the possession of the owner, the secured party shall 
        within 15 days, or seven days if satisfied by a dealer licensed 
        under section 168.27, subdivision 2, 3, or 4, execute a release 
        of security interest on the form prescribed by the department 
        and mail or deliver the notification with release to the owner 
        or any person who delivers to the secured party an authorization 
        from the owner to receive the release. 
           Subd. 4.  [SATISFACTION OF LIEN FOR CHILD SUPPORT.] If the 
        secured party is a public authority or a child support or 
        maintenance obligee with a lien under section 168A.05, 
        subdivision 8, upon either the satisfaction of a security 
        interest in a vehicle for which the certificate of title is in 
        the possession of the owner, or the execution by the owner of a 
        written payment agreement determined to be acceptable by the 
        court, an administrative law judge, the public authority, or the 
        obligee, within 15 days, or seven days if satisfied by a dealer 
        licensed under section 168.27, subdivision 2, 3, or 4, the 
        secured party shall execute a release of security interest on 
        the form prescribed by the department and mail or deliver the 
        notification with release to the owner or any person who 
        delivers to the secured party an authorization from the owner to 
        receive the release. 
           Sec. 2.  Minnesota Statutes 1998, section 169.471, 
        subdivision 1, is amended to read: 
           Subdivision 1.  [TELEVISION SCREEN IN VEHICLE.] No 
        television screen shall be installed or used in any motor 
        vehicle at any point forward of the back of the driver's seat, 
        or which where it is visible to the driver while operating the 
        motor vehicle except:  
           (1) video screens installed in law enforcement vehicles; 
           (2) closed circuit video systems used exclusively to aid 
        the driver's visibility to the rear or sides of the vehicle; and 
           (3) video screens installed as part of a vehicle control 
        system or used in intelligent vehicle highway applications. 
           Sec. 3.  [EFFECTIVE DATE.] 
           Section 2 is effective the day following final enactment. 
           Presented to the governor May 4, 1999 
           Signed by the governor May 7, 1999, 12:18 p.m.