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This is to certify that the lien in the name of the Registered Owner shown above, against the described vehicle/vessel has been fully satisfied and has not been assigned to any other party. The undersigned lienholder (legal owner of record) certifies release of interest in the vehicle/vessel.
This is to certify that the lien in the name of the Registered Owner shown above, against the described vehicle/vessel has been fully satisfied and has not been assigned to any other party. The undersigned lienholder (legal owner of record) certifies release of interest in the vehicle/vessel.
The typical amount of time is 30 to 60 days. Some banks will send the lien release directly to the department of motor vehicles or the county recorder's office on behalf of the borrower, while others send the release to the borrower who then must file it.
Satisfy the terms of the loan by paying the balance of the loan back to the lender, including any interest incurred. If you don't receive the lien release, submit a request to your lender for proof that the loan has been satisfied.
A satisfaction of mortgage is a document that confirms a mortgage has been paid off and details the provisions for the transfer of collateral title rights.
Pay Back the Lender/City/State. Who do you owe, and how much? Ask the Lien Holder to Remove the Lien. Go to Court (for a Mechanic's Lien) Ask the State to Remove the Lien from the Title. Meet with the Lien Holder and the Buyer. You're Free to Do as You Please.
If the title shows there has ever been a lien on the vehicle, ask the seller to produce proof that the lien has been satisfied. The seller should have a copy of the lien release, which is a legal document showing that the lien has been satisfied.