Maine Release of Operator's Lien
Description
How to fill out Release Of Operator's Lien?
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FAQ
If an owner creates a security interest in a vehicle, the owner must complete an application stating name and address of lienholder. The owner must deliver the application to the lienholder with the certificate of title and fee.
CURRENT WAIT TIMES FOR PROCESSING OF MOTOR VEHICLE TITLESRegular Issue TitleRush Title and Rush DuplicateDuplicate Title2 weeks3-5 Business Days5-8 Business DaysAll time frames are based upon receipt of accurately completed applications within the production unit and are exclusive of mail time.
When you visit the Maine DMV, you will need to provide the following information to complete the title transfer process: Your driver's license. The original title. Odometer reading. Proof of insurance. Proof of payment of excise tax. Payment for the title transfer fee.
TITLE APPLICATION & RECORD FEES$33.00Application for duplicate title$33.00Application for corrected title$33.00Application for duplicate certificate of lien$33.00Assignment of a Vehicle Identification Number (VIN)18 more rows
To register your vehicle in Maine, you will need to visit your town government office with your title if your car is 1995 or newer (you don't need to bring a title if your car's model year is older than 1995), your out-of-state registration certificate, and your current, dated insurance card.
While the fee for the title is a simple $33, if you just bought the car, there are registration fees, 5.5% sales tax, and excise taxes that must be paid as well. Visit your city or town hall to register the vehicle and pay the taxes.
Electronic Lien Titling Program. Maine Bureau of Motor Vehicles is launching an Electronic Lien Titling Program (ELT) on January 31, 2024. The program allows BMV and lenders, through a third-party service provider, to exchange lien and title information electronically.
On the back of the title you will fill out completely the upper block of information that says ASSIGNMENT OF OWNERSHIP. Print the buyer(s) name and address on the lines provided. Enter Date of Sale. Under ODOMETER DISCLOSURE STATEMENT fill in the odometer reading in the space provided.
