325J.095 MOTOR VEHICLE TITLE PAWN TRANSACTIONS; SPECIAL PROVISIONS. (a) In addition to the other requirements of this chapter, a pawnbroker who holds a title to a motor vehicle as part of a pawn transaction shall: (1) be licensed as a used motor vehicle dealer under section 168.27, and post such license on the pawnshop premises; (2) verify that there are no liens or encumbrances against the motor vehicle with the Department of Public Safety; and (3) verify that the pledgor has automobile insurance on the motor vehicle as required by law. (b) A pawnbroker may not sell a motor vehicle covered by a pawn transaction until 90 days after recovery of the motor vehicle. History: 1996 c 404 s 10
Minnesota Legal Code