Mississippi Title Application with Lien holder: A Detailed Description The Mississippi title application with lien holder is a crucial document used to establish ownership and record liens on a motor vehicle in the state of Mississippi. When an individual purchases a vehicle with financing or takes a loan using their vehicle as collateral, the lien holder has a legal interest in the vehicle until the debt is repaid. The title application with lien holder ensures that the lien holder's interest is documented and protected. Keywords: Mississippi title application, lien holder, motor vehicle, ownership, liens, document, financing, collateral, debt, interest, protection. Different Types of Mississippi Title Application with Lien holder: 1. Original Title Application with Lien holder: This type of application is submitted when an individual purchases a vehicle and the financing is arranged through a lien holder. The lien holder's information, including their name, address, and loan details, is noted on the application, ensuring their legal claim on the vehicle. 2. Duplicate Title Application with Lien holder: In situations where the original title with a lien holder is lost, stolen, or damaged, an individual may need to apply for a duplicate title. This ensures that the lien holder's interest is still recorded on the new title, preserving their legal rights. 3. Title Transfer Application with Lien holder: When a vehicle is sold or transferred to a new owner while there is still an outstanding lien, both the seller and buyer need to submit a title transfer application with lien holder. This process transfers the title into the buyer's name while also maintaining the lien holder's interest on the vehicle. 4. Lien Release Application: Once a vehicle loan is fully repaid, the lien holder's interest on the title is released. A lien release application is used to remove the lien holder's information from the title, demonstrating that the vehicle is now free and clear of any outstanding debts. 5. Lien holder Change Application: If the lien holder changes due to refinancing or transferring the loan to a different financial institution, a lien holder change application is submitted. This form updates the lien holder's information on the title, reflecting the new legal entity holding the lien on the vehicle. By using the Mississippi title application with lien holder correctly, individuals can ensure proper documentation of ownership and protect the interests of the lien holder throughout the duration of the loan. It is essential to accurately complete the application and submit it to the Mississippi Department of Revenue to obtain a valid title with the lien holder's information correctly recorded.