Minnesota Release of Lien for Car
Description
How to fill out Release Of Lien For Car?
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FAQ
Unlike most other states in the U.S., when you sell a vehicle in Minnesota the license plate, registration and taxes are transferred and assigned to the buyer. Unless your plates are specialized or personalized, do not remove your license plates.
NOTE: In Minnesota, license plates belong to and stay with the vehicle. They do not belong to a person.
There are only nine title-holding states: Kentucky, Maryland, Michigan, Minnesota, Missouri, Montana, New York, Oklahoma, Wisconsin. In the other 41 states, titles are issued to the lien holder of your vehicle until the loan is fully paid off.
Plate fastened and visible. All plates must be (1) securely fastened so as to prevent them from swinging, (2) displayed horizontally with the identifying numbers and letters facing outward from the vehicle, and (3) mounted in the upright position.
Disposal. License plates can be placed in the trash.
Minnesota law requires a title be transferred within 10 business days of the date of sale to avoid a penalty. The Anoka County License Centers recommend that all buyers and sellers appear in person to complete the title transfer.
Please leave the license plates on the vehicle after it is sold. Only special car registration tags or personalized plates can be transferred to a new vehicle.
When the commissioner has suspended license plates on a vehicle because the transferee has failed to file the title certificate within 30 days, the transferee shall pay a $10 fee before the registration is reinstated.
