MN SF721

Increases maximum documentary fees that motor vehicle dealers may charge for preparing and processing documents related to vehicle sales and leases in Minnesota.

For sales or leases made July 1, 2023 through June 30, 2024, maximum fee is the lesser of $200 or 10 percent of the sale or lease value.

For sales or leases made July 1, 2024 through June 30, 2025, maximum fee is the lesser of $275 or 10 percent of the sale or lease value.

For sales or leases made on or after July 1, 2025, maximum fee is the lesser of $350 or 10 percent of the sale or lease value.

Effective for motor vehicle sales and leases made on or after July 1, 2023.