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.
An assignee of a lien is the new lien holder.
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.
no, a will cannot be subject to a lien, however, the lien holder can go after the estate once the will has been executed.
The lien holder would. A lien holder has a financial interest in the property
A person can be the lien holder for anythimg
You cannot sell a car you have a loan on if the lender has a lien on the vehicle. You will need permission from the lien holder to sell the car. If the lender has no lien on the vehicle then you can sell it if you wish. The title will list any lien holder.
What are my rights as a lien holder if the customer does not have full coverage even after it is part of his or her contract with us.
No. A vehicle cannot be sold without a clear title and the only way to obtain such a document is through the lien holder.
If a debt has been paid off, the lien holder is required to release the lien. If the lien holder refuses, you will need to get a lawyer and take the case to court
No, the first lien hold cannot claim or collect any monies from the 2nd lien holder. The lien holders sole recourse is with the borrower.
I think you mean LIEN (not lian) holder. A lien holder is one (an individual or company) which holds the lien to a secured real or personal property.