Get How To Get A Lien Release From Santander

All you have to do to take your name off of a car title is sign the back of the title over to the person or organization you wish to transfer your car. Make sure that any title transfer is treated like a sale, you being the seller and the person or organization being the buyer.

In most cases, the lien holder (the lender in this case) should send the release to be recorded within 30-90 days. If you aren't sure what the requirements are in your area, reach out to your real estate agent, title agent, or real estate attorney for guidance.

Satisfy the terms of the loan by paying the balance of the loan back to the lender, including any interest incurred. ... If you don't receive the lien release, submit a request to your lender for proof that the loan has been satisfied.

A lien holder is the lender that holds the lien. A lienholder may be leasing a car to you while collecting interest, or they gave you money to purchase the vehicle. If you are financing your car through a bank, private lender, or dealership, they are the lienholder.

Having a lien on your car affects the auto insurance coverage you're required to carry. ... Once you've paid off your loan, collision coverage and comprehensive coverage become optional on your car insurance policy but it's still a good idea to keep those types of coverage, according to car insurance experts.

If a vehicle is part of a financing agreement, the legal owner will be the individual or entity that provides the financing, and is referred to as the lienholder. The registered owner is responsible for maintaining compliance with DMV laws and regulations.

Types of Liens The lien that's placed on your car when you sign the auto loan contract is considered a voluntary lien because you're agreeing to the contract, giving the lender the right to your property if you fail to meet the contract agreements.

Pay off your debt. ... Fill out a release-of-lien form and have the lien holder sign it. ... Run out the statute of limitations. ... Get a court order. ... Make a claim with your title insurance company. ... Learn more:

The title must be in your name, with no cross outs or errors. All liens must be released. If there is a lien listed on your title, it must be signed off on the title or provide a separate lien release document. You must sign as the seller per our title instructions.