Bill > HF1406

This bill establishes new procedures for how insurers and salvage vehicle auction companies can handle vehicles involved in insurance claims when owners do not respond or retrieve their vehicles. Specifically, the bill allows insurers to apply for a vehicle title if an owner fails to deliver the title within 15 days of receiving a claim payment, requiring the insurer to first send a certified notification to the owner and any lienholders. For salvage vehicles, if an insurance company requests an auction company to hold a vehicle and does not take ownership, the auction company must send two notices to the owner and lienholders at least 14 days apart, giving them 30 days to recover the vehicle. If the owner does not respond, the vehicle is considered abandoned, and the auction company can request a new title from the department that is free of liens and branded as salvage. The bill provides detailed requirements for notification, including specific methods of delivery like certified mail or commercial delivery services, and outlines the process for title transfer. These provisions aim to create a clear, structured approach for handling unclaimed vehicles in insurance situations, protecting the interests of insurers, auction companies, and potentially original vehicle owners by establishing a transparent process for title transfer.

Transportation and Infrastructure

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1406&ssn=0&y=2025