MN SF950

Allows insurers to apply for a vehicle title when they acquire ownership through claim payment and the owner fails to deliver the title within 15 days, requiring certified mail notice to owners and lienholders at least 15 days before applying

Commissioner must issue title, salvage title, or prior salvage title to the insurer upon proper application, extinguishing all existing liens against the vehicle

Requires salvage vehicle auction companies to send two notices (minimum 14 days apart) to owners and lienholders when an insurance company directs release of a vehicle it did not take ownership of

Vehicles become abandoned if not recovered within 30 days of the first notice, allowing auction companies to obtain lien-free titles without surrendering the original certificate

Creates new sections 168A.1502 and 168A.1503 in Minnesota Statutes governing insurer title applications and salvage auction notice requirements