A Michigan lien release form for vehicles is an official document used to release a lien on a vehicle in the state of Michigan. This form is crucial when selling or transferring ownership of a vehicle that has an existing lien. The lien release form serves as proof that the lien has been satisfied and allows the owner to obtain a clear title. One type of lien release form in Michigan is the "Michigan Secretary of State Lien Release (TR-152)". This form is generally used when a lien holder, such as a financial institution or lender, releases their interest in a vehicle. The TR-152 form requires detailed information about the lien holder, the vehicle's owner, and the vehicle itself. Additionally, it may require details about the lien, such as the lien holder's name and address, the loan/account number, and the date of the lien satisfaction. Another type of lien release form used in Michigan is the "Michigan Department of State Record Request (RD-108)". This form is typically used when an individual wants to obtain a record from the Michigan Department of State relating to a vehicle lien. It allows individuals to request information about the lien and verify its release. It's important to note that there may be other specific lien release forms used in Michigan depending on the situation. For example, if the lien release is being processed through a court order, a different form may be required. It is advisable to consult the Michigan Secretary of State or seek legal advice to ensure that the appropriate lien release form is used. In summary, a Michigan lien release form for vehicles is a vital document used to release a lien on a vehicle in the state. The TR-152 and RD-108 forms are two common examples, but additional forms may be applicable depending on the specific circumstances.
Michigan Lien Release Form For Vehicle
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How to fill out Michigan Lien Release Form For Vehicle?
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FAQ
Title jumping is the act of buying a vehicle and selling it without registering the vehicle in your name. The title ?jumps? from one owner to the next, without any record. Title jumping is also known as a jumped title or floated title.
To delete a vehicle, the owner shall notify the secretary of state of the proposed deletion in a form prescribed by the secretary of state and, except as otherwise provided in this subsection, surrender to the secretary of state the registration plate assigned to the deleted vehicle.
Michigan Car Title Transfer Information On the front of the title you will fill in the blocked area at the bottom under Title Assignment by Seller. Print the Purchaser(s) name, Date of Sale, and Selling Price in the boxes provided. ... Fill in the odometer reading in the space provided.
Your lienholder is the lender that gave you a loan to purchase the car. If you're not sure who the lienholder is, it could be as easy as pulling out the vehicle's title. Car titles have the owner's name and the lienholder's information listed on it. If you don't have the title, you may be in a title-holding state.
Vehicle Title and Registration Application - Individual TR-11L.