§ 168A.21 — Disclosure of Security Interest
Plain-Language Summary
A lender whose name appears on a vehicle title must share information about the loan when the vehicle owner or another lender asks in writing. If the lien is for unpaid child support, the holder of that lien must tell the vehicle owner the total amount owed when asked in writing.
168A.21 DISCLOSURE OF SECURITY INTEREST.
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Subdivision 1.Generally.
A secured party named in a certificate of title shall upon written request of the owner or of another secured party named on the certificate disclose any pertinent information as to the security agreement and the indebtedness secured by it. §
Subd. 2.Child support.
A secured party that is a public authority or an obligee with a lien under section 168A.05, subdivision 8, shall, upon written request of the owner, disclose the amount of the judgment debt secured.
History:
1971 c 162 s 21; 1986 c 444; 1995 c 257 art 1 s 8
History: History: 1971 c 162 s 21; 1986 c 444; 1995 c 257 art 1 s 8