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If your lender participates in Virginia's Electronic Lien program, the lender will electronically release the lien with DMV. A new title will be mailed to your address on record with DMV. DMV's records will no longer show a lien on the vehicle. "Lien Satisfied" and the date will be printed on your title.
You have the option of an electronic or paper vehicle title. If you choose an electronic vehicle title, you can order a paper vehicle title from the VA DMV if you ever need one. Once the VA vehicle title transfer is complete, you can register your vehicle.
Releasing the Lien When you receive the title, you can either (1) exchange it at DMV for a clear title and pay the fee, or (2) keep the title that displays the lien as satisfied. In either case, make sure that the lien release is noted on DMV's records and obtain an updated copy of your title.
Must Virginia lien waivers be notarized? No, Virginia lien laws do not require waivers to be notarized in order to be valid and enforceable. However, if your contract requires a notarized waiver in exchange for payment, the terms of the contract will apply.