A person cannot add a name to a title if the bank is the lien holder unless the bank agrees to the title name addition. A person could approach the bank and ask them to add the name to the title.
A lien holder is someone who has a financial interest in a car. It could be the bank you financed it from, or someone else who the car owner owes money to. The car owner's name is on the title with the lien holder's name so that you can't sell the car without the lien holder signing the title...this means that you don't owe the lien holder any money on the car. The car is now 100% owned by the title owner.
A person or a company that puts a lien on a vehicle is a "lien holder" that is on the title. It is not recognized as ownership.
the bank has tofile papers with dmv to see if it was done wrong and if so the dmv will void the original title and issue the bank another title with there name as lien holder then sell the car
A vehicle with a lien holder named on the title cannot be traded, transferred or sold without the title being cleared by the lien holder.
If the car has a lien, you usually have to pay off the lien before you can get a clear title. Otherwise, in this state you have the name of the lien holder on the title.
Take the title to the office where you get your tag at, and take the buyer, and the lien holder and the'll help you.
To find the lien holder of a vehicle, the registered owner of the vehicle will have to apply for a duplicate title. The VIN will be necessary to obtain the duplicate title. The lien holder will be listed on the duplicate title.
There is a separate place on the title for the lien holder information. Unless you have borrowed the money from an individual.
You will have to get a new title showing yourself as lien holder
The name of the lien holder should be written on the certificate of title. You can also check the status of the title by visiting your state department of motor vehicles website. You can also visit the local office and ask the clerk to run a check for you.
That would be counterproductive if the title you hold is in your name. If you are holding the title for someone else, a lien would only make a difference when they sell the car--and it has to meet certain criteria.AnswerNo. You cannot place a lien on your own property legally since there is no separation of title. A lien gives the lien holder a legal interest in the property of another. If you are holding property in your name for someone else, the title is in your name and you cannot place a lien against it.
Contact the DMV for a replacement title. When you do this, they should also be able to give you the name of all lien holders on the vehicle. This is the easiest way.