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Liens. If a lien exists on the vehicle, the lienholder must release the lien before the title can be transferred. The lienholder will typically sign off on the title or provide a separate lien release document. Once the lien is released, the title can be transferred to the new owner.
How to Sign Your Illinois Title Transfer in 3 Steps - YouTube YouTube Start of suggested clip End of suggested clip This is where you're gonna sign your name exactly how it appears up here. And then right below thatMoreThis is where you're gonna sign your name exactly how it appears up here. And then right below that you're gonna print the name. You're gonna freakin name where it says printed name of sellers.
Liens. Illinois titles are mailed to the lienholder if a lien is applied. Include the complete name and address of the lienholder on the duplicate title application. If there is no lien, the title will be mailed to the principal owner listed first on the application or to the address listed in the "Mail To" area.
To Remove Lienholder: Submit lien clearance letter from the lienholder indicating that the lien has been paid in full; or. Submit lien contract stating that the lien has been paid in full; Submit a court order directing our office to issue the duplicate title without the lien or lienholder's name.
Once you've paid off your loan, your lien should be satisfied and the lien holder should send you the title or a release document in a reasonable amount of time.