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Is it legal for a bank to hold a title to a vehicle that is paid for?
Wiki User
∙ 14y ago
It is illegal for a bank to hold onto a title for a vehicle once a typical deadline for funds to clear for payment of said title has cleared. Contact your local attorney general and state government banking institution that governs bank licensing and file a complaint. They should notify you in writing as to why you have yet to receive your title.
Wiki User
∙ 14y ago
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Can a bank hold a title on a paid off auto loan because there is another older loan that is collections on another vehicle in Utah?
I have a car that is paid off. The bank is holding the tittle for colletaral for another car loan that was repo. Is this legal?
If a bank does not hold the title to a vehicle and no bank lien is shown on the title can the bank repossess the car if payments are behind?
This is a rerun. IF someone is making paymnst, there is a security interest somewhere. Dont be fooled by the title and the leinholder part. They have a perfected lien on it. Good try, no candy for you.
Can a title company put a lien on your vehicle if YOU still hold the title?
as long as you physically have the title in your possession and its in your name and they haven't signed the back, you are still the legal owner. A title company would have to give proof of your financial obligation to them
How do you file for a lost vehicle title in Arkansas?
Get a hold of the motor vehicle department in your state and explain the problem, they will get you a new title.
Is it legal for one person on a car title to hold the car from the other person on the title?
No
Can a bank in the state of Ohio hold the title or repossess an automobile that is in a spouse's name who did not sign the loan agreement?
Yes, if the vehicle was purchased during the marriage it is considered community property.
Is North Carolina a lien theory or title theory state?
Title theory, bank will hold the title to property as long as their is a mortgage
How old can you be to hold a motor vehicle title in South Carolina?
Old as the hills!
Does a car dealership have legal right to hold your title once you have completely paid that specific car off?
Whose NAME is the title in? Yours, or the dealership's? When you bought the vehicle, the auto dealership would supposedly transfer the title to you, but would also place a "lien" on the vehicle. IF THE TITLE IS IN YOUR NAME, simply tell the dealership to hand it over, and call the authorities if they refuse. IF THE TITLE IS NOT IN YOUR NAME, then you just may have a problem requiring the services of an attorney, assuming of course that you have fully paid for the vehicle.
Can a wife sell her husbands vehicle?
You may only sell property to which you hold title.
Can you sell a car and hold the title for collateral?
Of Course! That's what the bank/finance company does!
How can you hold the title on a vehicle loan to a friend and not be liable for any accidents that he may get into?
If your name is on the title you will be responsible for all debts and damages.
