skip to content
Primary navigation
Feature image for Motor Vehicle Finance

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.

Apply

Renewal

  • 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.
back to top