Repossession Form Document With Lien In Bronx
Description
Form popularity
FAQ
A "discharge" removes the lien from specific property.
Individuals or companies that borrow from a Financial Institution using their vehicle as collateral for a loan must submit their title and a completed Notice of Lien (PDF) (MV-900) to the Department of Motor Vehicles in order to file the lien.
The application must be made upon a verified petition accompanied by other written proof showing a proper case therefor, and upon the approval of the application by the court, justice or judge, an order shall be made discharging the alleged lien of record.
This request can be made through the DMV or directly to the lender. Visit or contact 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 or issued to you at this time.
The lender is the institution that made the loan. The lender will record the mortgage or deed of trust document in the public records with the appropriate agency in the county where the property is located. Once the loan is repaid, the lender should provide a recordable lien release document.
Required: A true and certified copy of the title from the lien holder of the original title. A letter of permission from the lien holder from that person to register the vehicle in NY state. An original ins card. Copy of NY drivers license or 6 points of ID.
People register cars with liens on them all the time—if you're making payments the car dealership has a lien on your car.
The lienholder's statement that includes the owner's name and the year, make and VIN of the vehicle. The statement must be on the lien holder's letterhead and must state that the lienholder holds the original title and understands that the copy of the title will be used to register the vehicle in New York.
A repossession affidavit is a legal statement filed with the Department of Motor Vehicles when you repossess a car from a customer. This document provides details about the repossession such as why and how the vehicle was repossessed. It also informs government authorities that the vehicle has been repossessed.
Can I transfer a title certificate that has a lien listed? You can transfer the title certificate and give the new owner the original proof that any lien listed on the title certificate was satisfied. Keep a copy of the proof for your records.
