notification of assignment release or grant

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Form PS2017-10 Notification of Assignment, Release or Grant of Secured Interest - Minnesota

• United States Legal Forms
• Minnesota Legal Forms
• Minnesota Department of Public Safety

This is a legal form that was released by the Minnesota Department of Public Safety - a government authority operating within Minnesota. As of today, no separate filing guidelines for the form are provided by the issuing department.

Q: What is Form PS2017-10? A: Form PS2017-10 is the Notification of Assignment, Release or Grant of Secured Interest form used in Minnesota.

Q: What is the purpose of Form PS2017-10? A: The purpose of Form PS2017-10 is to notify the Minnesota Secretary of State of a security interest assignment, release, or grant.

Q: Who needs to file Form PS2017-10? A: Lenders or other parties who have a security interest in a piece of property and wish to assign, release, or grant that interest need to file Form PS2017-10.

Q: What information is required in Form PS2017-10? A: Form PS2017-10 requires information such as the names and addresses of the assignor and assignee, a description of the property, and the type of assignment, release, or grant being made.

Q: What happens after Form PS2017-10 is filed? A: After Form PS2017-10 is filed, it becomes a public record and the information provided on the form is recorded by the Minnesota Secretary of State.

Q: Is Form PS2017-10 specific to Minnesota? A: Yes, Form PS2017-10 is specific to Minnesota and is used to comply with Minnesota state law regarding security interest assignments, releases, and grants.

Form Details:

• Released on June 1, 2011;
• The latest edition provided by the Minnesota Department of Public Safety;
• Easy to use and ready to print;
• Quick to customize;
• Compatible with most PDF-viewing applications;
• Fill out the form in our online filing application .

Download a fillable version of Form PS2017-10 by clicking the link below or browse more documents and templates provided by the Minnesota Department of Public Safety .

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Legal Forms >> Minnesota >> Real Property >> Liens & Mechanics' Liens

Notification of Assignment, Release or Grant of Secured Interest (Downloadable PDF)

Form #: PS2017 Notification to the Minnesota Department of Public Safety of the assignment, release, or grant of a secured interest in a motor vehicle. (Downloadable PDF)

Name: Notification of Assignment, Release or Grant of Secured Interest (Downloadable PDF) Form Number: PS2017 State: Minnesota Statute: Form Category: > Minnesota >> Real Property >> Liens & Mechanics' Liens' itemprop="category"> Liens & Mechanics' Liens

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FAC Number: 2024-05 Effective Date: 05/22/2024

32.805 Procedure.

(a) Assignments.

(1) Assignments by corporations shall be-

(i) Executed by an authorized representative;

(ii) Attested by the secretary or the assistant secretary of the corporation; and

(iii) Impressed with the corporate seal or accompanied by a true copy of the resolution of the corporation’s board of directors authorizing the signing representative to execute the assignment.

(2) Assignments by a partnership may be signed by one partner, if the assignment is accompanied by adequate evidence that the signer is a general partner of the partnership and is authorized to execute assignments on behalf of the partner-ship.

(3) Assignments by an individual shall be signed by that individual and the signature acknowledged before a notary public or other person authorized to administer oaths.

(b) Filing. The assignee shall forward to each party specified in 32.802 (e) an original and three copies of the notice of assignment, together with one true copy of the instrument of assignment. The true copy shall be a certified duplicate or photostat copy of the original assignment.

(c) Format for notice of assignment. The following is a suggested format for use by an assignee in providing the notice of assignment required by 32.802 (e).

Notice of Assignment

To: ___________ [ Address to one of the parties specified in 32.802 (e) ].

This has reference to Contract No. __________ dated ______, entered into between ______ [ Contractor’s name and address ] and ______ [ Government agency, name of office, and address ], for ________ [ Describe nature of the contract ].

Moneys due or to become due under the contract described above have been assigned to the undersigned under the provisions of the Assignment of Claims Act of1940, as amended, ( 31 U.S.C.3727 , 41 U.S.C.6305 ).

A true copy of the instrument of assignment executed by the Contractor on ___________ [ Date ], is attached to the original notice.

Payments due or to become due under this contract should be made to the undersigned assignee.

Please return to the undersigned the three enclosed copies of this notice with appropriate notations showing the date and hour of receipt, and signed by the person acknowledging receipt on behalf of the addressee.

Very truly yours,

__________________________________________________ [ Name of Assignee ]

By _______________________________________________ [ Signature of Signing Officer ]

__________________________________________________ [ Titleof Signing Officer ]

__________________________________________________ [ Address of Assignee ]

Acknowledgement

Receipt is acknowledged of the above notice and of a copy of the instrument of assignment. They were received ____(a.m.) (p.m.) on ______, 20___.

__________________________________________________ [ Signature ]

__________________________________________________ [ Title ]

__________________________________________________ On behalf of

__________________________________________________ [ Name of Addressee of this Notice ]

(d) Examination by the Government. In examining and processing notices of assignment and before acknowledging their receipt, contracting officers should assure that the following conditions and any additional conditions specified in agency regulations, have been met:

(1) The contract has been properly approved and executed.

(2) The contract is one under which claims may be assigned.

(3) The assignment covers only money due or to become due under the contract.

(4) The assignee is registered separately in the System for Award Management unless one of the exceptions in 4.1102 applies.

(e) Release of assignment.

(1) A release of an assignment is required whenever-

(i) There has been a further assignment or reassignment under the Act; or

(ii) The contractor wishes to reestablish its right to receive further payments after the contractor’s obligations to the assignee have been satisfied and a balance remains due under the contract.

(2) The assignee, under a further assignment or reassignment, in order to establish a right to receive payment from the Government, must file with the addressees listed in 32.802 (e) a-

(i) Written notice of release of the contractor by the assigning financing institution;

(ii) Copy of the release instrument;

(iii) Written notice of the further assignment or reassignment; and

(iv) Copy of the further assignment or reassignment instrument.

(3) If the assignee releases the contractor from an assignment of claims under a contract, the contractor, in order to establish a right to receive payment of the balance due under the contract, must file a written notice of release together with a true copy of the release of assignment instrument with the addressees noted in 32.802 (e).

(4) The addressee of a notice of release of assignment or the official acting on behalf of that addressee shall acknowledge receipt of the notice.

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Minnesota Notification Of Assignment Form – Fill Out and Use This PDF

The Minnesota Notification of Assignment form plays a crucial role in the management of vehicle ownership documents, acting as an official notification for the assignment, release, or grant of a secured interest in a vehicle. This form is a necessary step for vehicle owners in Minnesota who are looking to assign a new secured party, release a lien, or grant a secured interest, requiring notarization and specific procedures as stipulated by the Minnesota Department of Public Safety, Driver and Vehicle Services. For those looking to navigate the complexities of vehicle ownership transitions, understanding and completing this form is essential. Click the button below to learn how to accurately fill out the Minnesota Notification of Assignment form.

Minnesota Notification Of Assignment Form PDF Details

In the heart of Minnesota's vehicle ownership procedures, the Notification of Assignment, Release, or Grant of Secured Interest form stands as a pivotal document. This form, overseen by the Minnesota Department of Public Safety's Driver and Vehicle Services, operates from a base in Saint Paul, MN. Its primary role is to guide the transfer of vehicle ownership rights or to detail changes in the vehicle’s secured interest status. Essentially, it serves three major purposes: to notify of an assignment of a lien, to release a secured interest, or to grant a new secured interest in a vehicle. The form meticulously records details including the year, make, model, and the vehicle identification number, alongside owner and secured party information. Signatures from the relevant parties validate these transactions, with some situations requiring notarization, particularly for lien releases. Notably, this process involves specific instructions and fees, emphasizing the form's role in ensuring legal compliance and clarity in vehicle ownership transactions. The completion and submission of this document, alongside the requisite fees to the designated Minnesota Department of Public Safety office, are critical steps in the formal acknowledgment of changes in ownership or secured interests, underpinning the state's commitment to accurate vehicle registration and owner rights protection.

Form Preview Example

MINNESOTA DEPARTMENT OF PUBLIC SAFETY

DRIVER AND VEHICLE SERVICES

445 Minnesota Street

Saint Paul, MN 55101-5187

Phone: (651) 297-2126

Web: dvs.dps.mn.gov

Notification of Assignment, Release or Grant of Secured Interest

(Instructions on reverse side)

SIGNATURE OF OWNER(S), NECESSARY ONLY WITH GRANT

SECURED PARTY’S NAME

STREET ADDRESS

SIGNATURE AND TITLE OF AUTHORIZED AGENT

The secured party named in Section A has assigned his interest to the secured party named in Section B.

The secured party named in Section A no longer claims a security interest in the

vehicle described above. Date of Release

The owner(s) have granted to the secured party named in Section A, a security interest in the vehicle described above.

--- NOTICE ---

This form must be notarized

to release a lien.

Subscribed and sworn to before me

Date of Security Agreement

ASSIGNEE’S NAME, NECESSARY ONLY WITH ASSIGNMENT

B STREET ADDRESS

NOTARY PUBLIC

MY COMMISSION EXPIRES

PS2017-10 (6/11)

INSTRUCTIONS

ASSIGNMENT OF LIEN

1. The Assignor must be listed as secured party on the application for title or on the current certificate of title.

2. The Assignor must complete section A and list the name and address of the Assignee in section B.

3. The assignment must be submitted with the current certificate of title.

4. Fees: $1 plus $10 filing fee. For an assignment noted concurrently with the secured interest, no fee is required. The assignment accompanies the granting of a second interest.

1. The secured party must complete this form within 15 days after satisfaction of the security agreement.

2. The secured party must complete and sign section A.

3. The form must be notarized

4. This release must be submitted with the current certificate of title.

5. Fee: $10 filing fee

1. The owner of the vehicle must complete section A of this form.

2. The grant must be submitted with the current certificate of title.

3. Fees: $2 plus $10 filing fee

All forms and fees may be submitted to your local motor vehicle office or you may make the check payable to Driver and Vehicle

Services and mail the forms to:

Driver and Vehicle Services

St. Paul, Minnesota 55101-5187

How to Edit Minnesota Notification Of Assignment Form Online for Free

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Notification of Assignment, Release or Grant of Secured Interest (PS2017)

Driver and vehicle services.

This government document is issued by Driver and Vehicle Services for use in Minnesota

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Fillable Notification of Assignment, Release or Grant of Secured (Minnesota Auto & Driver's License of Brainerd)

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Proposed Collection of Information: Special Form of Assignment for U.S. Registered Securities

A Notice by the Bureau of the Fiscal Service on 08/15/2024

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Department of the Treasury

Bureau of the fiscal service.

Notice and request for comments.

The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the Special Form of Assignment for U.S. Registered Securities.

Written comments should be received on or before October 15, 2024 to be assured of consideration.

Direct all written comments and requests for additional information to Bureau of the Fiscal Service, Bruce A. Sharp, Room #4006-A, P.O. Box 1328, Parkersburg, WV 26106-1328, or [email protected] .

Title: Special Form of Assignment for U.S. Registered Securities.

OMB Number: 1530-0058.

Form Number: FS Form 1832.

Abstract: The information is requested to complete transactions involving the assignment of U.S. Registered and Bearer Securities.

Current Actions: Extension of a currently approved collection.

Type of Review: Regular.

Affected Public: Individuals or households.

Estimated Number of Respondents: 10.

Estimated Time per Respondent: 15 minutes.

Estimated Total Annual Burden Hours: 3.

Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: 1. Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; 2. the accuracy of the agency's estimate of the burden of the collection of information; 3. ways to enhance the quality, utility, and clarity of the information to be collected; 4. ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and 5. estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.

Dated: August 9, 2024.

Bruce A. Sharp,

Bureau PRA Clearance Officer.

[ FR Doc. 2024-18210 Filed 8-14-24; 8:45 am]

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