Alabama Release of Lien for Deed of Trust

State:
Multi-State
Control #:
US-OG-544
Format:
Word; 
Rich Text
Instant download

Description

This is a form of a Release of Lien for a Deed of Trust.

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How to fill out Release Of Lien For Deed Of Trust?

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FAQ

If you still have a loan on the vehicle, you will need to pay off the balance to sell it. If you can't pay the loan, you will need to submit a lien release form to the Motor Vehicle Division at the Department of Revenue in Alabama.

Remove a Lien from Your AL Title Complete a lien release online. Gather your current vehicle title. Submit the above to the Motor Vehicle Division by mail at the address listed on the lien release application, or in person at your local office.

Once the lien has arisen, it will continue until the liability for the amount assessed is satisfied, released or becomes unenforceable by reason of lapse of time (i.e. 10 years from the date the lien is filed) (Code Sections 40-1-2, 40-29-20, and 49-29-21).

About Alabama Release of Lien Form It's most often used to release a lien claim after a lien claimant receives payment. Alabama law requires that a lien cancellation is filed within 30 days after the lien is satisfied.

Once you pay off your loan, your lender will send you an official release of lien letter. Take that letter to your state's Department of Motor Vehicles office (or, in some cases, to your local city or town clerk's office), and they'll issue you a car title in your name.

Once the lien has arisen, it will continue until the liability for the amount assessed is satisfied, released or becomes unenforceable by reason of lapse of time (i.e. 10 years from the date the lien is filed) (Code Sections 40-1-2, 40-29-20, and 49-29-21).

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Alabama Release of Lien for Deed of Trust