Wyoming Lien Release Form For Car

State:
Wyoming
Control #:
WY-10-09
Format:
Word; 
Rich Text
Instant download

Description

The Wyoming lien release form for car serves as a vital legal document for releasing a lien on a vehicle after payment has been fulfilled. This form is particularly useful for lien holders, such as banks and finance companies, ensuring that any claim over a vehicle is formally waived once the debt, typically associated with a loan or service, is satisfied. Users complete the form by filling in details such as the lienor's address, the amount received, and specifics about the transaction and vehicle. It’s important to note that this release is conditional, relying on the receipt of stated funds, and becomes void if payment is not received within the specified timeframe. The form must be signed by the lien holder and typically requires notarization to validate. This document is intended for attorneys, partners, owners, associates, paralegals, and legal assistants who manage vehicle transactions or handle debt settlements related to vehicles. By utilizing this form, legal professionals streamline the process of clearing ownership titles, offering clients peace of mind regarding their vehicle's lien status. Overall, the Wyoming lien release form for car is a straightforward tool that promotes efficiency and clarity in vehicle ownership transfers.
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FAQ

To release a lien or security interest: You must complete and return a termination form (PDF) You must have your Wyoming Certificate of Title. If original lien was filed prior to July 1, 1993 a fee is required - refer to fee schedule (PDF)

Titling a Vehicle Purchased From a Private Party No matter how the names are joined (i.e.: John OR Jane Doe) all owners must sign. The purchaser's name and address must be filled in on the back of the title and the purchaser must sign the purchaser's application in the presence of a notary.

If the back of the title does not provide for a date of sale and a sale price, you will need a separate bill of sale. This document only has to be signed by one owner and it is not required to be notarized.

Certificate of Title - Example Document Purchaser(s) Name ? All purchasers' names should be recorded. ... Purchaser(s) Address ? The physical address of the purchaser should be recorded. Date of Sale ? The sale date must be recorded as month, day, and year. ... Model ? Should be recorded.

A Notice of Lien Filing should be sent to the property owner within 30 days of filing the claim. If there's more than one owner, a form should be sent to each of them. And, just like the Notice of Intent to Lien, this must also be sent by certified mail, with return receipt requested.

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Wyoming Lien Release Form For Car