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Yes, an individual can be a lien holder on an automobile if they have provided financing to the vehicle owner. This typically occurs when someone loans money to purchase the car and retains a legal claim (lien) on the vehicle until the loan is repaid. The lien holder's interest must be recorded with the appropriate state authority, such as the Department of Motor Vehicles (DMV), to ensure their rights are protected.
What else can I help you with?
What is a Lian holder?
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.
Is an assignee a lien holder?
An assignee of a lien is the new lien holder.
Who needs lien insurance?
The lien holder would. A lien holder has a financial interest in the property
Can a lien holder refuse release of lien if debt is paid?
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
When finacing a car should the title be in your name with the lien holders name?
There is a separate place on the title for the lien holder information. Unless you have borrowed the money from an individual.
Lien holder on your vehicle?
The lien holder is the person or firm, you borrowed the money from to purchase the car.
Is a lien holder responsible if the car owner has an accident?
only if the lien holder caused the collision
Who owns the vehicle you or the lien holder?
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.
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.
Is a lender and lien holder the same how can I get vehilce from the second lien holder?
No. In the case of "brokered" loans especially the lien holder is the investor that holds the note. The lender is the broker that helped you secure your financing.
Can a lien holder place a lien against you when you have nothing?
Yes.
Can i repossess a car if have a lien on the tile?
If you are the lien holder, yes.
