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What is a Lien Satisfaction Letter? A Lien Satisfaction is a legal document from DCU indicating that we no longer have (hold) an interest on the vehicle, thus allowing the state to release the lien listed on your vehicle.

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.

Search the county recorder, clerk, or assessor's office online. All you need is the name of the property owner or its address. ... Visit the county recorder, clerk, or assessor's office in person. ... Contact a title company.

As a general rule, you can't sell a car without a clear title, or without making arrangements to clear the title. Failing to satisfy the lien holder can place you at risk of legal action. The lien holder has the right to repossess your car if you sell it without paying the loan it took against the vehicle.

A release of lien is a document stating a lender's interest in a vehicle has been satisfied and it may be sent in lieu of a title document for many reasons, such as title-holding states, titles never received from state DMVs and misplaced or damaged titles.

A lien gives the lien holder (the subcontractor) an assurance that they will get paid by giving them a claim against the real property. In other words, a lien uses the property as security. If the lien is recorded with the county, as it should be in order to make it official, it can cloud the title.

The typical amount of time is 30 to 60 days. Some banks will send the lien release directly to the department of motor vehicles or the county recorder's office on behalf of the borrower, while others send the release to the borrower who then must file it.

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.

The unpaid lien will stay on your credit report for 10 years after it is filed. After paying it off, it may stay on your credit history for up to seven years.

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.

Fortunately, at the same time that same title company issued you a title insurance policy. ... But if the lender can't be found, or otherwise isn't willing to remove the lien, the remaining step is to file a lawsuit and ask a judge to clear the title.

The typical amount of time is 30 to 60 days. Some banks will send the lien release directly to the department of motor vehicles or the county recorder's office on behalf of the borrower, while others send the release to the borrower who then must file it.

Debt collectors put car liens on a vehicle when they are owed money and the debtor is not making any effort to pay. A lien means that the lien-holder must be paid first if the vehicle is sold. ... The length of a lien on a car title lasts for as long as there is an outstanding loan balance on the vehicle.

Lien Satisfied/Title Holder Release (REG 166) form: A formal document that releases any lienholder on the vehicle. Notice of Transfer and Release of Liability (REG 138) form: It is a document that certifies that you have sold or transferred the vehicle to another party.

Take a look at the title. If the title says your name and then "AND/OR" the other person's name, you can title it yourself without the other person's permission or signature. ... Contact the person whose name you wish to remove from the title. ... Send the title in the mail to the person whose name you are removing.