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Minnesota Repossession Laws

We are glad that you have decided to look into repo services in Minnesota. For residents of the state, we recently compiled a complimentary resource with the relevant rules, regulations and laws pertaining to the state’s property recovery procedures.

Here is some more specific info for repossessions in Minnesota. For instance, it is vital to know that the security interests must be shown on title held with the lienholder. And, plates need to remain with the property vehicle. Also, repossession recovery is only allowed when there is not a disturbance of the peace after 10-day Right to Cure letter has been issued. For license registration, you can contact the Minnesota Driver and Vehicle Services Division at (651) 297-1714. And an affidavit of repossession is a must for liquidation to occur.

At our company, we love providing Minnesota clients with repossessions on ranging from med. equipment to real estate. We gladly process such equipment from the repossession to its eventual resale. More specifically, we take care of storage, inspection and the appraisal of resale price for your equipment.

To learn more about what we do and how we can help you get your property back. You can also give us a call at (630) 358-9434.  

 

As reported by the American Recovery Association, Inc. (ARA).

Minnesota Repo Laws
TITLE STATE: Yes
SECURITY INTERESTS: Shown on title held by lienholder.
LICENSE REGISTRATION: Driver and Vehicle Services Division, Record & Information Management, 445 Minnesota St., Suite 190, St. Paul, Minnesota 55101-5190. Tel: (651) 297-1714, TTY (651) 297-2100.
RECOVERY REQUIREMENT: As per UCC, Minnesota repossession allowed without committing a breach of the peace. After 10 Day Right to Cure Letter from lien holder to debtor, repossession allowed without committing a breach of the peace.
DOCUMENTS REQUIRED FOR LIQUIDATION: Affidavit of Repossession, with title signed off as seller. Do not release lien.
PLATES: Remain with the vehicle.

Constitution and Legislation

Judicial Opinions

Regulations and Other Agency Material

Additional State Repo Legal Resources

 

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