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What happens if you do buy a car or motorcycle that has a lien against it and you want to register it and you got the car with a bill of sale?
you will have to find out who has a lein on it have them fill out a fourm of lein satisfy. In most states a lien holder is recorded on the title and the lien holder will keep the title until the lien is paid off. After the lien holder is paid off, they will sign the title to release the lien and give/send the title to the owner. The title office can tell you who has a lien on the title.
Can your car be repossessed if there is no lien holder on title?
no
What is the limitation on a car with a lien on it before you can get the title?
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.
How do you discover the lien holder of a car?
It should be on the title.
What is an auto lienholder?
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.
How do you fill out lien release form for a car?
You don't. The only one who can fill out a lien relese is the lien holder. As the owner of the car you are not the lien holder. Take the title to whomever holds the lien and they will release it.
Can a lien holder repossess your car if you have a clear title?
sure can if they have a title too
How do you put lien on car that you are selling to a private party?
Record lien on title- as 1st lien holder
If you are on the title as the lien holder can you go repo the car?
Yes.
What to do when the wrong lien holder is on the vehicle title?
georgia law on timeframe lean holder has to process car title
I ve a clear title to my vehicle with no liens can the dealer legally repo this car?
If you are making a payment, whoever you are making the payment to holds a lien on the vehicle, unless the vehicle was purchased on an unsecure note (not likely). Some states will issue you a title even though there is a lien holder on the title, some require that the lien holder holds the title until the not is paid in full. Look at the title, itf the lien holder section is filled out, that is who holds the lien, they can have the car repoed. there is no lien holder on the title it is clear the car lot is in the sellers area
How do you find out information on lien holder on your title?
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.
