Colorado Release of Lien
Description
How to fill out Release Of Lien?
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FAQ
The Electronic Lien and Title Program (ELT) is a method by which the State of Colorado and participating lending institution (Lienholders) can exchange vehicle and title information electronically.
To remove a lien on a motor vehicle, the owner (or agent with proper identification and power attorney) must provide our office with: The title with the lien release section properly signed and dated by the financial institution or lienholder. If completing this by mail a completed DR2395 Title Application is required.
Removing a Lien The lien release section must be properly signed and dated by the financial institution or lien holder. Upon receipt of the proper documents, an application for title will be completed and a clear title will be issued.
Once the lien has been satisfied, the lienholder notifies the Service Provider who sends an electronic message releasing the title at which point the State prints and mails a paper title to the vehicle owner, or a third party designated by the lienholder.
Colorado is one of two states that allow lien rights to be waived by contract prior to performance. There are also no restrictions on waiving lien rights in advance of payment. Colorado has no requirement that a lien waiver must be notarized.
You will need to pay the vehicle title fees, registration fees and any applicable sales tax. Proof of Insurance (If registering the vehicle at the same time), Secure and Verifiable Identification, The current title or other ownership documents properly endorsed by the previous owner, Odometer disclosure complete,
You may check the status of your title at which will indicate if it has been processed. To plate the vehicle in the office the owner(s) needs current proof of Colorado insurance. One owner must come into the office to show Secure and Verifiable Identification.
Once the lien has been satisfied, the lienholder notifies the Service Provider who sends an electronic message releasing the title at which point the State prints and mails a paper title to the vehicle owner, or a third party designated by the lienholder.
