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Dear Driving for Dollars, i’ve paid down the lien-holder bank on my auto loan, which is planning to deliver me personally documents saying that i’ve completely compensated the mortgage. What’s the procedure to obtain the name from right here? вЂ” Don
Dear Don, the procedure differs based on a state, but usually the holder that is lien needed to inform your stateвЂ™s Department of automobiles, either electronically or by publishing documents that states you’ve got paid your loan. Typically, there was a little bit of a wait for the lien owner to achieve this they have to prepare the paperwork to notify the state because they first want to make sure your check clears, and then. In a few states, when the cars division is notified, it will probably immediately mail you the name. In other states, youвЂ™ll need certainly to head to a state automobiles agency workplace to obtain the name.
To understand the method in a state, go to your stateвЂ™s motor cars internet site.
a list that is complete of by state can be seen at Dmvlist.com.
At driving for Dollars if you have a car question, e-mail it to us.