New York Release of Lien for Vehicle
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How to fill out Release Of Lien For Vehicle?
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FAQ
Protect Yourself With a Release of Lien (Lien Waiver) Fortunately, it's a simple process. A Lien Waiver is similar to a receipt. It basically states that you've paid the subcontractor what is owed, they accept the payment in full, and they waive the right to put a lien on your property.
PLEASE NOTE: When you sell a vehicle, you do not need to remove a lien from the certificate of title. You can give the original title and the original lien release to the buyer.
If they electronically file to remove the lien, a new title will not be automatically sent to you. You will either need to send in your title, proof that the lien was satisfied, and a fee, as mentioned above, or apply for a duplicate title.
The release of lien is an authorization to transfer the real property, located in New York State, free and clear of the estate tax lien. The lien applies only to real property located in New York State. No fee applies to a release of lien.
An original judgment lien is valid for 10 years. If the judgment isn't paid by the end of the first 10 years, then the judgment creditor can seek a renewal judgment on the lien that would be valid for another 10 years.
Mailing times for titles ordered online (Eastern Time) OrderedPrintedMailedBefore 8 pmNext business day2nd business dayMonday - Thursday after 8 pm2 business days after ordered3rd business dayFriday, Saturday or SundayMondayTuesday
You also may request the DMV Title Bureau to remove the lien from your New York State issued title by mailing the original lien release form or letter, the original title certificate, and a check or money order for $20 payable to the Commissioner of Motor Vehicles.
New York prohibits the waiving of lien rights prior to performance. Furthermore, waivers cannot be made in advance of payment, but only with, or after, payment. New York has no requirement that a lien waiver must be notarized. Furthermore, electronic signatures are valid on all lien waivers.
