Indiana Release of Lien
Description
How to fill out Release Of Lien?
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FAQ
State law prohibits the waiver of the right to file a lien prior to payment for the labor. Contracts requiring a party to waive their claims under a payment bond are prohibited. Indiana has no requirement that a lien waiver must be notarized.
Please allow up to 21 calendar days to process and mail a title. If you have not received your title after 21 days, please call the BMV Contact Center at 888-692-6841.
Submit the following via U.S. Mail: Completed Application for Certificate of Title For A Vehicle - State Form 205 or Application for Certificate of Watercraft Title ? State Form 38529, and. An unexpired photo ID, and. A check, cashier's check or money order payable to BMV in the amount of $15.00.
Can I Sell a Car in Indiana Without a Title? The Indiana BMV requires a title to sell a vehicle. If your title is lost, duplicate titles can be obtained from the BMV.
To remove a name from a title, the owner whose name is being removed should fill in the seller's section of the title. The remaining owner should visit a BMV branch with the completed title to apply for a new title in his or her name only.
What happens when my auto loan is paid off? The lienholder will submit a lien release to the BMV using the E-lien system. Once the lien is released, if no other lien is listed on the vehicle the title will be printed and mailed to you.
The certificate of title must be applied for within 45 days after the vehicle is purchased or otherwise acquired. If the certificate of title is applied for after the 45 days have passed, an administrative penalty will be charged.
The individual lienholder must sign off in the proper lien release section on the certificate of title; The vehicle owner must obtain a lien release letter; or. The vehicle owner must obtain a general Affidavit ? State Form 37964 that is signed by the individual lienholder.
