While this varies by state, there's usually a place marked LIENHOLDER on either the front or back of the actual title document. By inserting your name (or company) on the 1st available LIENHOLDER line, this will be recorded on the new title once the purchaser registers and titles the vehicle.
Depending on the state the vehicle is registered in, most DMVs keep this information on file.
Dont worry about the leinholder getting a title. They can get one easy enough. Remember they do this hundreds of times each year. they know the procedures for getting lost titles,copies of titles,ect. Yup, they even know how to "lose" titles. Just like human beings, huh?
Yes, they are the only manner of payment allowed in many states for claims payments.
The lienholder has no liability for any damage done by the buyers vehicle.
TOTALLY up to the lienholder and the finance contract you signed. It depends on what state you live in. Some states have rights of possession laws that require you to pay the balance of the loan in full, while some states only require that you pay the past due amount in order to retrieve the vehicle.
The Titles of Nobility Amendment, which aimed to abolish titles of nobility in the United States, was proposed in 1810 and was never ratified. Therefore, titles of nobility were never officially abolished in the US.
YES, IF you were in default and they repoed it. NO ins. coverage IS default. Do you HAVE the car NOW?
shut up vill
If there's a lienholder on that vehicle, yes, that lienholder can repossess it.
The Constitution of the United States specifically prohibits the granting of titles of nobility by the United States or any state.
Basically, you are financing the vehicle, right? Put a lien on it. All you have to do is fill out a bill of sale and there will be a place for you to list a lienholder. Fill in your information there. There will also be a place for you to put lienholder information on the title, so make sure you fill that part in also. When the buyer takes that to the highway dept to register it, the hwy dept will keep that and give them a registration. After about 2-3 weeks, you should receive the title in the mail with you listed as the lienholder. After you are paid in full by the buyer, then you will sign off as lienholder and give them the title.