Idaho Release of Lien for Vehicle

State:
Multi-State
Control #:
US-01775-AZ-3
Format:
Word; 
Rich Text
Instant download

Description

This form is a release of a lien. The form provides that the lienholder chooses to release a certain parcel of property and the owner from all liability arising from the labor performed and materials furnished by the lienholder under the terms of a contract mentioned in the document.

How to fill out Release Of Lien For Vehicle?

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FAQ

This form may be used to provide the information required for a Release of Liability, which may protect you from liability for death or injury, property damage, motor vehicle infractions, towing, storage, repair or service charges involving the vehicle that may occur after delivery of the vehicle to the purchaser.

When the loan has been satisfied, the lienholder sends an electronic transmission to ITD who prints a paper title and mails it to the owner or to another party specified by the lienholder. The transmission not only accomplishes the title transaction, but also satisfies the lien clearance notification to ITD.

Titles are typically mailed the business day following the title issue date. If there is a lien holder recorded, the title or electronic title record will be sent directly to the lien holder, not to the titled owner.

Please complete and print the Notice Release of Liability Form (Form ITD 3858). Attach a check or money order for THREE DOLLARS and FIFTY CENTS ($3.50) made payable to your local county assessor motor vehicle department. Submit completed form and payment to your local County Assessor Motor Vehicle Department.

Download and fill out the Idaho Duplicate Title Application. Bring the application to the Idaho Transportation Department. Mail the application to the Idaho Transportation Department.

Please note, if you owe money to a lienholder recorded on the title, that lienholder is likely holding the title and will not release it until the loan has been paid in full.

When you make your final payment on an auto loan, you're eligible to obtain a lien release, ing to Autolist. After obtaining a lien release, you'll be able to receive a clear title of ownership from the Department of Motor Vehicles (DMV).

The Idaho Transportation Department (ITD) implemented the state's Electronic Lien and Titles (ELT) System in or around 1997. Lenders can now electronically secure and release liens on titles using a web application developed by PDP Group, Inc. called Simply ELT.

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Idaho Release of Lien for Vehicle