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Title services If your loan has been satisfied, you don't need to request a new certificate of title removing the previous lienholder. You may retain the stamped paid certificate of title from your lienholder. This title can be used for the future sale or transfer of the vehicle.
Notice of Lien, Lien Release, or Authorization to Add/Remove Name from Title (Form 4809) If your title shows a lienholder (such as a bank or credit union) on it, your lienholder must give you a notarized lien release showing that you have paid off the loan and are released from the lien.
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If your loan has been satisfied, you don't need to request a new certificate of title removing the previous lienholder. You may retain the stamped paid certificate of title from your lienholder. This title can be used for the future sale or transfer of the vehicle.
A lienholder, also known as a lienor, is defined as the party that holds a lien on your car until your loan is paid in full. The lienholder for a car loan is often a financial firm, such as a bank or credit union, though private parties can also act as a lienholder.