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Can a title company put a lien on your vehicle if YOU still hold the title?
Wiki User
∙ 11y ago
as long as you physically have the title in your possession and its in your name and they haven't signed the back, you are still the legal owner. A title company would have to give proof of your financial obligation to them
Wiki User
∙ 11y ago
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Is it illegal for a finance company to use a financed vechicle as collateral?
you cannot use it as collateral because you need to hold title of the vehicle however in this case the finance company has the ownership of the vehicle not you.............
How do you file for a lost vehicle title in Arkansas?
Get a hold of the motor vehicle department in your state and explain the problem, they will get you a new title.
If you have never had a license can you still have a title to a car in your name in Ohio?
Don't worry. You don't need to have a driver's license to hold a vehicle title in Ohio. www.dmv.org DMV.ORG - The Unofficial Guide to the DMV
If the title company missed a lien can they make the seller responsible?
Yes, the title company can hold the seller responsible because the lien still exists. It was just a paperwork mistake on the behalf of the title agency. Somewhere down the line, it will interfere with the property if not corrected.
If you hold the title and its in your name can your vehicle still be repossessed?
Well, if the title lists no lienholders, it cannot be repossessed. If it lists one, it would be best to surrender it or don't keep anything in it of value. Yes. Even if the lien is not recorded on the title, it hass probably still been filed with the state.
How old can you be to hold a motor vehicle title in South Carolina?
Old as the hills!
How long can they hold your vehicle after you pay the finance company the required amount to reinstate the vehicle?
If they have called in the note and you have not paid in full, they have the option of selling it or holding it for you. Once you've paid the full note and they mark it "paid in full" they are obligated to get both the vehicle and the title to you immediately.
Can a wife sell her husbands vehicle?
You may only sell property to which you hold title.
How can you hold the title on a vehicle loan to a friend and not be liable for any accidents that he may get into?
If your name is on the title you will be responsible for all debts and damages.
After you've already done a good title search can a title company hold your money for 6 months after closing?
A title company may hold back a portion of the proceeds to pay for a repair of a physical problem with the property or a title problem. They must have given you the reason for the hold back at the time of the closing. "Doing a good title search" doesn't prevent a hold back. The title search may have disclosed a reason for a holdback. Call the title company asap and ask for an update. If it goes on for an unreasonable amount of time or they don't respond to your calls then file a complaint with your attorney general or if the title company is operated by lawyers then file a complaint with the state bar overseers.
Can you go to jail for selling a vehicle that has a lean hold by a finance company?
yes
Is it legal for a bank to hold a title to a vehicle that is paid for?
It is illegal for a bank to hold onto a title for a vehicle once a typical deadline for funds to clear for payment of said title has cleared. Contact your local attorney general and state government banking institution that governs bank licensing and file a complaint. They should notify you in writing as to why you have yet to receive your title.
