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2058.4. Release of security interest. (a) Upon the satisfaction or other discharge of a security interest in a vehicle for which the certificate of title is in the possession of the secured party,

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What is release of security interest?

Release of security interest is a legal document that removes the lien or security interest from the property that was used as collateral for a loan.

Who is required to file release of security interest?

The lender or financial institution that held the security interest is required to file the release of security interest.

How to fill out release of security interest?

To fill out a release of security interest, you typically need to provide details about the loan, the property used as collateral, and the release of the lien or security interest.

What is the purpose of release of security interest?

The purpose of a release of security interest is to formally remove the lien or security interest from the property, allowing the owner to sell or transfer the property without any legal encumbrances.

What information must be reported on release of security interest?

The release of security interest must include details about the loan, the property, the lender, and the release of the lien or security interest.

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