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As of early July 2023, the ?Vermont? title loophole is no more. They will no longer issue titles to out-of-state folks with just a bill of sale.
If a vehicle is more than 15 years old, Vermont residents may apply for an exempt vehicle title1.
Although the Vermont loophole may have closed its doors, there are still alternative methods to obtain a title for your vehicle. Instead of relying on this now-defunct process, you can explore options such as acquiring a bonded title or obtaining a court-ordered title in your own state.
§ 2903. (b) A judgment that is renewed or revived pursuant to section 506 of this title shall constitute a lien on real property for eight years from the issuance of the renewed or revived judgment if recorded in ance with this chapter.
The law states that in order to have a valid lien claim in Vermont, the claimant must file their statement within 180 days after the payment became due for the last labor or materials furnished to the project.
Vermont requires a title to sell a vehicle that is 15 years old or newer based on calendar year.
When you pay off your vehicle loan, the lender must send you the title showing your lien as satisfied. When you receive the title, you can either: Exchange it for a clear title and pay the fee for a new title, or. Keep the title that displays the lien as satisfied.
How to Obtain a Vermont Title Manufacturer's Certificate of Origin properly assigned. A Bill of Sale may be required for Purchase & Use Tax purposes. If the vehicle was manufactured in Canada, a New Vehicle Information Statement is necessary.