Criminally nothing... Unfortunately its not a crime to not pay your bills. The lien holder can sue you in the civil court for the money that is owed to him on the vehicle that you are hiding though. If he wins then you now have a civil judgment against you on your credit report which in the long term will hurt you more than any immediate effect. If you have a job the person can garnish your wages also. You will never be able to escape a civil judgment until it is paid in full unfortunately. MY suggestion to you would be to return the car in exchange for an agreement that they don't come after you legally.
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 lien holder is the person or firm, you borrowed the money from to purchase the car.
Does this vehicle have a Lien on it?
In most states the person who repairs a vehicle has an artisan's lien. An artisan's lien is a possessory lien meaning that a) no recording of any document is required to obtain the lien, however b) the lien is only good while it is in your possession. If you return the vehicle to the owner you have lost your lien. If the owner takes the vehicle without your consent, your lien is not defeated, however, in most states the act of taking the vehicle from you will be considered theft by the vehicle owner.
A lien only exists when a vehicle is in the possession of the person/company who are owed monies from it, once released legally, there is no holding on it and the right of lien has been lost
If I sold a vehicle and the bank did not give me the whole amount owed towards the vehicle or the person buying the vehicle did not pay the remainder of the money can I put a second lien on the vehicle I live in Indiana
You can't. If a vehicle has a lien on it the lien holder is the owner of record of the vehicle.
The lien holder (PERSON OR FINANCE COMPANY THAT HAS AN INVESTMENT INTEREST IN VEHICLE) must be paid off prior to you selling vehicle to another party.
If you have a lien on your vehicle, you can sell it for any amount. The vehicle is still subject to the lien which means that the purchaser can lose the vehicle if the lien holder collects on it.
Your question makes no sense. There is no lien on you but only on your vehicle. You do not file a lien release unless you have a "release of lien" issued by the financial institution which you borrowed money from against that vehicle. If there is a second lien "mechanics lien, tax lien, etc." that lien now becomes primary. Another person cannot take possession and or register the vehicle in their name until any and all liens have been satisfied. 19 years experience in the car biz.
Well, you own the vehicle subject to the lien. You cannot sell or refinance the vehicle until the lien holder is paid. If you don't pay the lien, the lien holder can repossess the vehicle. So you own it subject to your paying the loan.
If you accept a vehicle title that has a lien placed on it you become responsible for settling that lien