Michigan Release of Security Interest - Termination Statement
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How to fill out Release Of Security Interest - Termination Statement?
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FAQ
Yes. Within your California ELT account you can convert a California paper title to a California electronic title. Write to us or call 1 (888) 675-7477 if you need assistance with this process.
All owners are encouraged to maintain their titles electronically, which stores the electronic title record in FLHSMV's database until such a time as one might need a paper title for the purposes of selling a vehicle or transferring title to another state or country.
The title record is sent electronically and the lienholder stores the electronic record instead of a paper certificate of title. The electronic title is created and held by TxDMV in the state motor vehicle database. Title applications are submitted and processed through the local county tax office.
The tax on the transfer of a vehicle is 6% on the greater of the purchase price, or the retail value of the vehicle at the time of transfer.
Participating financial institutions will hold the title electronically. No paper title will be printed. to transfer a vehicle to a different owner. Corrections can be done at any Secretary of State office.
