How To Put A Lien On Car Title

Once you accept the terms of your loan a lien is put on the vehicle and the title is transferred to the lender.

How to put a lien on car title. A lien holder can be an individual or an organization to which the applicant owes money. The title of the car will be held by the holder until the debt is paid in full. When putting lien on a car consider the regulations and laws that exist in your state. Dont be nervous about the word lien as even though people think it has a negative connotation it merely means that you owe someone money and they can take over that piece of property if you fail to live up to the terms of the title loan with lien contract.

The notary will take care of processing the lien on the vehicle. If you already have the title and need to add a lien you need to follow the lien filing guidelines issued by your state. A car lien will remain on the title until you repay the debt. Advise the notary that you will need to have a lien placed on the vehicle.

When placing a lien on a car notify the titleholder. To put a lien on a car follow specific steps. If you are applying for a car financing or car title loan a lien will be placed on your car title just to form a kind of security the lender can hold on to in case you decide not to pay or delay payment. The actual process depends highly on your jurisdiction however the principle remains the same across.

Go to your local notary public for the title transfer both parties need to bring prof of identification. What is a lien on a car title. If purchasing through a dealer the dealer will file a lien on your behalf. Unless you have access to the personal property registry because you a lender or various other reasons you will require a court ordered judgme.