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What does it mean if the lien holders name is still on your vehicle title?
Wiki User
∙ 13y ago
It means the lien holder has not released the lien because it hasn't been paid. You need to do some research. It must have been on the title that was signed over to you at the time of the sale. That is the time to check into clearing the lien.
If a lien is listed on the title of a motor vehicle the buyer should not turn over the proceeds to the seller. The lienholder should be contacted for a payoff amount and the paid if necessary. Arrangements should be made at that time to have the lien released.
Wiki User
∙ 13y ago
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Do you own your vehicle if the title is clear off lien holders?
yes
How do you receive a vehicle title that still has a lien?
You can't. If a vehicle has a lien on it the lien holder is the owner of record of the vehicle.
How can you ensure a valid sale of a vehicle if you cannot pay off the existing lien?
A vehicle cannot be sold without a clear title. A clear title can only be obtained when all lien holders have been paid or have agreed to sign off on the lien.
Can there be 2 lien holders on a vehicle title?
Where I live the title can have Lien filed on it by anyone who has worked on or supplied parts for a vehicle. Also liens can be filed by any bank or lending institution who can get you to sign a form using the vehicle a s collateral.
How can you find the lien holder information if you lost your title?
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.
What does it mean to title your car?
A title is a document that proves ownership of the vehicle. A vehicle cannot be legally registered and licensed. When you purchase a vehicle you receive the title from the seller. You take the title to the DMV, fill out the paperwork and you will receive a new title in your name and the name of any lien holders.
Can i Put a lien on a vehicle to get my name on the title?
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.
Find lien on lost title of vehicle?
If the vehicle has a lien, the title shouldn't be lost, the lienholder should have it. Once the vehicle is paid in full, they will mail you the title.
Is there a way to get your title if you still owe on the vehicle?
The buyer/borrower should have a copy of the title, as it is needed to register the vehicle. The title will have the name of the buyer and the name of the company holding the lien on the vehicle.
If you have not paid your car payments for over 3 years can you file a lost title and sell or get the title?
No, you can only replace a lost title. If the vehicle had a lien from the bank, a replacement title will still show the lien.
Is it possible to have a lien on your vehicle even if you already have the title?
Yes. The title you received when you purchased the vehicle should show the lien holder. Even when you buy a vehicle on credit, you will receive a title. It is a lien title. You will not receive the full or clear title until the vehicle loan is paid off.
Purchasing a vehicle privatley with a lien?
If you accept a vehicle title that has a lien placed on it you become responsible for settling that lien
