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Thread: lien releases

  1. #1
    Join Date
    Feb 2004
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    Concordia Lutheran Home in Cabot
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    lien releases

    Does anyone know about lien releases? Can you get a title with a lien release? I think it means that I have successfully paid the car off.Am I right?

  2. #2
    Join Date
    Jun 2000
    Location
    Geneva, IL
    Posts
    4,120
    Quote Originally Posted by david p
    Does anyone know about lien releases? Can you get a title with a lien release? I think it means that I have successfully paid the car off.Am I right?
    It's been awhile, but my recollection was that the bank which lent the money for the vehicle actually retained the title. When it was paid off, they gave it to you. If you have the title to the vehicle, it would mean it was paid off.
    *Until one has loved an animal, a part of ones soul remains unawakened.* Anatole France

  3. #3
    Join Date
    May 2002
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    Ploss's Halfway House for Homeless Cats
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    18,311
    Davidp,

    Rachel is right. The finance company holds the title to the car till it's paid off. Once it's paid off, they should send you the title.

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  4. #4
    Join Date
    Oct 2000
    Location
    U.S.A.
    Posts
    8,039
    David, once you get the old title with the lien release signed off,
    make sure you take it to the DMV.
    Lots of people end up loosing the title before taking
    it to the DMV and end up having to go back to the lien holder
    to sign off another lien release.


    ----<---<--<{(@

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