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When you pay off a car loan should the lien holder send you CAR KEY?
Wiki User
∙ 10y ago
The lein holder does not have the key to your car. They will have a title that you will be sent.
Wiki User
∙ 10y ago
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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.
How does a lienholder release interest on a car title?
Pay off the debt (including all accrued interest) associated with the lien, at which point the lien holder will send the release papers. If they don't send these papers, contact them. This applies to any lien: car, house, land, etc.
How would you go about 'buying' your dad's car if he still owes the bank?
You need to pay off the bank to get the title to the car. You can either give your father the cash needed to pay off the loan, or you can get a loan from a bank. If you get a loan, the bank will send the payment amount to the lien holder, which is the other bank, and anything over the amount of the loan balance will be sent to your father. assume the loan in your name.
How do you obtain your new car title after it has been fully paid for and the lien released by the finance company?
The lien holder should send you a lean clearance letter. You can take the waiting clearance letter and the title to the motor vehicle department and apply for a clear title.
Once you receive a signed notice of lien satisfied can the lien holder still state that you owe money towards the vehicle and send subsequent bills?
Is it a final lien waiver upon final payment? If it's a progress lien waiver, then they can still claim funds due. The final is final, and no further amounts would have to be paid.
How long does a shop have to notify a lien holder of storage?
according to what state your in, in ga as soon as work is complete and theydon,t pick-it up send them a regester letter
Ge capital financial has lien on motorcycle how do you get the release?
First you have to have paid off the loan. After that you would normally receive the title by mail, but sometimes it is done electronically. I would call GE Capital and ask the for the titles department. Once you get there you can tell them you have paid the loan and for them to please send you the title. Once they verify you paid the loan and verified your identify you should receive the title. Next you need to go to the DMV and have the lien removed. They will walk you thru the process at the DMV. Now you should have your title and the lien removed. Keep it in a safe box or some place people can not access it. Hope this helped....
Can a settlement reached with a debt agency on a credit card account release a lien from a home?
Any lien that is place on real property should be released when the debt is settled in full or through a settlement as agreed to by the lender. A lien from a credit card is usually either a home equity loan, home equity line of credit or a judgment that has been filed in the appropriate courts. When we search real property for title insurance, we check the office where land records are recorded and the appropriate court for the state and/or county. The note holder of a home equity loan or line of credit should file the release document with the county or send it directly to you for recording. A judgment from court has to be closed with the court and that should release that lien from your name. Sometimes creditors "forget" to close the case with the courts and you should follow up yourself. You should always request your paid in full note or documentation showing that the debt has been settled and the creditor will remove the lien against you or your property. A settlement to remove a lien may not mean that you are not still responsible for the rest of the debt. It just means that they will remove the lien from the property. I am not an attorney so this information may not hold true in all cases, but that is how it is handled here.
How do you remove a property lien in Texas?
First, send a certified letter to the lien claimant that the lien be released immediately (say, within 10 days). If there is no response, then you will need to file a lawsuit for slander of title against the lien claimant. Remember that liens expire--talk to an attorney in your state for info on your state's specific laws on liens.
How do you remove a loss payable from auto insurance?
If your lien holder has changed or you have paid off your car. Just notify your insurer, you can send or fax them your payoff notice and they can remove the loss payee clause for you.
If the lienholder is out of business how do get a lien release?
Unfortunately for one that needs a lien release from a company no longer in business one will have to obtain a lawyer. The liens from the original holder usually become assets to the companies they owed.
When do you send out a notice of lien?
What sends you a notice
