The bill amends Minnesota Statutes 2022, section 325F.6641, subdivision 2, to update the disclosure requirements for motor vehicle dealers. Specifically, it replaces the requirement for an oral disclosure with a written disclosure that must be performed online. The bill mandates that dealers provide written disclosures regarding prior vehicle damage, any title brands if known, and if the vehicle has been submerged or flooded above the bottom dashboard while on the dealer's lot.

Additionally, if a person who has received a flood disclosure later sells the vehicle, they are required to provide the same disclosure to prospective buyers. The written disclosure must be signed by the buyer and kept in the dealer's sales file as specified by the registrar of motor vehicles. The bill aims to enhance transparency in vehicle sales and ensure that buyers are adequately informed about the condition of the vehicles they are considering.

Statutes affected:
Introduction: 325F.6641