Form PS2024-15 at a glance
What it is: Affidavit of repossession and title application, a form of the Minnesota Department of Public Safety Driver and Vehicle Services.
When the repossessing party chooses to title the vehicle in their name, this form also serves as their application for title.
What to bring and attach to Form PS2024-15
A secured party that has the certificate of title but elects not to title the vehicle in their name must complete and submit a dealer purchase receipt (PS2009).
A filled-in Form PS2024-15 example: a credit union repossesses a car
How to fill out Form PS2024-15, box by box
Vehicle Identification Number
Enter the Vehicle Identification Number, then the Plate number, Year, Make, Type and Model.
Name of registered owner or owners
Enter the Name of registered owner or owners and the Title number, then the Street address, City, State and Zip code.
Name of secured party, Date of repossession and Auto insurance company
Enter the Name of secured party and the Date of repossession, then the Street address, City, County code, State and Zip code.
Enter the Auto insurance company, Policy number and Expiration date.
I, the undersigned, on oath duly sworn, depose and say that, Name of secured party Is the owner of the vehicle described above. The interest of the owner was lawfully terminated and disposition made pursuant to the terms of the security agreement. This application for a Certificate of Title is based on the repossession of this motor vehicle.
In consideration of the issuance of the certificate of title applied for, the secured party agrees to indemnify the registrar of motor vehicles, and all persons acting for him from any and all liability which may be incurred by the issuance of such certificate and agrees, at its own expense, to defend any suit which may be brought against the registrar or any person acting for him as a result of issuing such certificate. I hereby certify I have taken all possible steps to secure the title to the above described vehicle.
Odometer disclosure statement
The odometer now reads the number you enter (no tenths) miles, and to the best of my knowledge that it reflects the actual mileage of the vehicle described herein unless one of the following statements is checked.
Check this box to certify: I hereby certify to the best of my knowledge the odometer reading reflects the amount of mileage in excess of its mechanical limits.
Check this box to certify: I hereby certify that the odometer reading is not the actual mileage.
Warning: Odometer discrepancy if box (1) or (2) is checked.
I declare this tax exemption code and If needed, ID number
Enter the tax exemption code after I declare this tax exemption code and, If needed, the ID number.
Title fee, Tech surcharge, PSV fee, Filing fee and Total tax due
The following fees are due when the repossessing party titles the vehicle in their name: Title, Public Safety Vehicle (PSV), and Filing.
Enter the Title fee, Tech surcharge, PSV fee, Filing fee and Total tax due.
To determine the amount due, visit dvs.dps.mn.gov and select Fees from the top menu or call (651) 201-7777.
Damage disclosure statement
Under Damage disclosure statement, select one: To the best of my knowledge this vehicle Has or Has not sustained damage in excess of 80% actual cash value.
If your situation is different
A private individual or private party repossessing the vehicle
If the repossessing party is a private individual, include their driver's license number and date of birth.
If a private party is repossessing this vehicle, MN sales tax is due if the private party was not the previous owner.
Common questions about Form PS2024-15
Does it need a notary?
Notary public: Subscribed and sworn before me this day of, 20, My commission expires, county, Notary Public signature and Notary stamp.
Who signs it?
The secured party signs on Signature of secured party.
Where do I file it?
All forms and fees may be submitted to your local deputy registrar office or by mail to: Minnesota Department of Public Safety Driver and Vehicle Services 445 Minnesota St.,Suite 187 St. Paul, MN 55101. For a list of office locations, visit drive.mn.gov or call (651) 201-7777.
When is this form not the right one?
If the repossessing party has the Minnesota title in their possession, they do not need to apply for a title in their name.
Sources
[1] Form PS2024-15 (Rev. 9/26), Affidavit of repossession and title application, Minnesota Department of Public Safety Driver and Vehicle Services (the Official source link on this page).
