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Motor Vehicle Finance

Motor Vehicle Finance

Motor vehicle finance companies purchase or hold retail installment sales contracts that finance the purchase of a motor vehicle.



  • Licenses issued under Minnesota Statute 53C expire annually on June 30.  The renewal fee is $250 for each location of business.  
  • The Department of Commerce sends renewal notices to licensees in May of each year.
  • Renewal is done through NMLS.

Annual Reports

  • Motor vehicle finance companies must file an annual report with the Department due on or before March 15 of each year.
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