This form is a release of a lien. The form provides that the lienholder chooses to release a certain parcel of property and the owner from all liability arising from the labor performed and materials furnished by the lienholder under the terms of a contract mentioned in the document.
West Virginia Release of Lien
Category:
State:
Multi-State
Control #:
US-01775-AZ
Format:
Word;
Rich Text
Instant download
Description
How to fill out Release Of Lien?
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FAQ
To remove the lien from DMV's records, bring the title to any DMV customer service center and apply for a substitute title. The fee is $15. DMV will issue you a new title. "Lien Satisfied" and the date will be printed on the new title.
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When you pay off your vehicle loan, the lender has 10 days to notify you and must send you the title showing your lien as satisfied. Most lenders participate in DMV's electronic lien program and will ?release? the lien automatically, which triggers DMV to mail you a new title to your address listed in DMV records.
To apply for a clear title, you need: A completed Application for Certificate of Title (Form DMV-1-TR). Be sure to include your car insurance information. The properly completed car title and lien release letter (if appicable). ... A copy of your registration card. The $15 title fee.
WEST VIRGINIA The lien will continue for 10 years from the date of entry. W.Va. Code § 38-3-7. The judgment may be renewed for an additional 10 years.
The following paperwork is required for selling a car in West Virginia: Certificate of Title. Bill of Sale (form DMV-7-TR)
After you make your final auto loan payment, your lienholder will send you the properly completed and notarized car title and possibly a notarized lien release statement.
West Virginia is among some two dozen states opting for electronic ways to issue vehicle titles. Last month Gov. Jim Justice announced the digitization plan that will enable West Virginians to access and keep their vehicle titles online or on their smartphones similar to the use of electronic airline boarding passes.
