List Title Release For Free

Even though your lienholder is the vehicle's legal owner, you'll keep possession of the car as long as you make payments on your auto loan; either your lienholder will keep the title until the loan is paid off or you'll hold onto the title with an indication that there's a lienholder involved.

The individual lienholder must sign off in the proper lien release section on the certificate of title; The vehicle owner must obtain a lien release letter; or. The vehicle owner must obtain a general Affidavit ? State Form 37964 that is signed by the individual lienholder.

After the lien on a vehicle is paid off, the lienholder has 10 days after receipt of payment to release the lien.

You will have to submit specific documents that prove the transfer of ownership, such as the registration card of the previous owner and the bill of sale for the vehicle. The vehicle's bill of sale must contain the contact information and signatures of the buyer and seller of the vehicle.

In the field where it asks for the sale price, you may simply fill in ?gift.? After the title transfer section is filled out, the recipient of the car must take the document to their local Indiana BMV office within 45 days to complete the title transfer and register the car in their own name.

To remove a name from a title, the owner whose name is being removed should fill in the seller's section of the title. The remaining owner should visit a BMV branch with the completed title to apply for a new title in his or her name only.

To remove a lien from a title, the vehicle title must be submitted with the Lien Notification card from the lien holder, properly signed by the lender or with a notarized Notification of Assignment ? Release or Grant of Secured Interest (PS2017) signed by the lender.