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First, the seller has to release ownership of the car by signing the title. The buyer then takes the signed title to the DMV, and the state issues a new registration and title. Some states might require additional paperwork to complete the process, such as a bill of sale or a transfer of ownership form.
First, the seller has to release ownership of the car by signing the title. The buyer then takes the signed title to the DMV, and the state issues a new registration and title. Some states might require additional paperwork to complete the process, such as a bill of sale or a transfer of ownership form.
Depending on state laws, paper titles are generally mailed and electronic titles and/or liens are released to the motor vehicle agency approximately 10 business days after the payoff is received. Allow 15-30 days for receipt of your title based on mail time and/or motor vehicle agency process.
Most of the time, lenders keep the title on file until the associated loan is paid off, at which time they send the original title document to the vehicle's owner. In some states, owners may receive the lien release instead. Once you have possession of the title, it's important to keep it in a safe place.
0:06 3:30 Suggested clip Why You “SHOULD ALWAYS” File DMV Release Of Liability Form YouTubeStart of suggested client of suggested clip Why You “SHOULD ALWAYS” File DMV Release Of Liability Form
In some states, once the motor vehicles department is notified, it will automatically mail you the title. In other states, you'll need to go to a state vehicles' agency office to get the title. To learn the process in your state, visit your state's motor vehicles Website.
form Application for Duplicate Title (MV-902), checked to show that a lien release is included with the application, and. The $20 fee for a duplicate title certificate, and. The original title certificate that shows the lien, and.
Visit the DMV and verify that they received the loan satisfaction documents and any liens are removed from the vehicle's title. A new title will be provided. To obtain a lien release you may be asked to provide a copy of the Title for the vehicle that you are requesting be released.
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