Category: Titles
Lien Release for Vehicle Title
So how do you get a lien release for a title on a vehicle when there’s a lien listed on the title? That means that the lender controls that title. They either have the physical document in hand, or they control with the DMV how that document’s going to be released.
Loan Payment and Lien Control
Even if the loan is paid off, if the lien release is recorded, that means that control of that title remains with the lender. The lender may or may not have a process for providing that document of a lien release. Some lenders don’t have specific people that provide lien releases.
Lender’s Process for Lien Release
Usually, what they do is when the loan is paid off, they just mail the title out, and it’s done automatically. They might even have that title document. If not, they have the lien release.
Steps to Obtain a Lien Release
But if you do need one, it has to go through that lender. Now, in many cases, the process to do that may not be defined. There’s not, you know, “press 2 for lien releases” on their voicemail. So you have to get to that right person. Sometimes it’s going through different channels or having a title agent handle that for you.
Visit Our YouTube Channel for more insights and discussions on various topics. Consider subscribing to our YouTube channel. Click here!
Vehicle Certificate of Origin
So what is a vehicle certificate of origin? If you’ve seen one, it looks like a title. It has the vehicle identification number on it, but it’s not a title. It doesn’t show ownership to a retail buyer.
Purpose of the Certificate
It demonstrates that the car was manufactured by some factory. In some cases, it’s called an MSO, manufacturer’s statement of origin, instead of a certificate of origin. It’s created by the manufacturer, Chevy, Ford, Honda, Toyota, whoever it is, and it shows that that vehicle was created.
Comparison to a Birth Certificate
It is like a birth certificate. It originates the VIN number. It’s prior to titling to an individual person. It’s even prior to titling to a dealership.
Transfer and Titling
It may be assigned to a dealership, but it doesn’t have to stay there. Another dealership could take it over; they could trade cars and then sell it to a retail buyer.
Establishing Title
If your car has never been titled, you need to go back to the certificate of origin in order to get that origin established and then title it in your name.
Visit Our YouTube Channel for more insights and discussions on various topics. Consider subscribing to our YouTube channel. Click here!
Connecticut Lost Vehicle Title
Title Replacement in Connecticut
Today we’re going to talk about some of the details for title replacement in the state of Connecticut. Connecticut has a form which allows for a duplicate title to be combined with a transfer of ownership. So if you’re purchasing a vehicle or have purchased a vehicle and the prior owner doesn’t have the title, they can actually request a duplicate to be issued in your name at the same time. That’s a form H-6B. So that’s a good thing in Connecticut; you can do two things simultaneously.
Lien Release for Vehicles
If you have a vehicle that has had a lien on it, you need a lien release. If the vehicle is more than ten years old or the lien is more than ten years old, you can use an H-115 form to release that lien. That way, you don’t have to have a specific document from the lien holder.
Transferring Ownership for Older Vehicles
If the car is more than ten years old, there doesn’t need to be a title. You can use a Q1 transfer form to transfer the ownership of the vehicle. In Connecticut, their DMV headquarters is in Wethersfield. That’s the best place to go; they’ll have the most comprehensive understanding of some of these rules.
Sales and Use Tax in Connecticut
If you have a vehicle that has some missing documentation, be aware that Connecticut has a sales and use tax. So anytime a vehicle is transferred, there’s tax due. Jumping titles or skipping titles may be a way to avoid that tax, but it could catch up with you because Connecticut will audit those transfers to make sure they get their taxes.
Visit Our YouTube Channel for more insights and discussions on various topics. Consider subscribing to our YouTube channel. Click here!
Bonded Vehicle Title
This is Dave at cartitles.com. In order to get a title in your name, you may have availability to use the bonded title process.
Bonded Title Process
What that entails is purchasing a bond, which is a form of insurance policy, from a private company, an insurance company, and then presenting that to the DMV. They’ll use that guarantee in order to issue you a title.
Documentation Requirements
Be aware that the bonding company will also require certain documents. They’re going to need to approve that scenario. If you do not have sufficient documentation or a scenario of how you got the vehicle, the bonding company doesn’t have to issue you that insurance policy. They can reject it just like the DMV can, so make sure you collect all the documentation you can prior to approaching that bonding company.
State Specifics
Also be aware that it is state specific. Some states allow bonded titles, some don’t. If you get a bonded title in a state that allows it and then attempt to bring that vehicle to a state that doesn’t recognize a bonded title, you may have an issue.
Bond Stamp Duration
Also be aware that that bond stamp will remain on the title for a certain period of time. It may be three years or five years; depends on the state, depends on the year of the vehicle. So make sure if you need to do something like finance a vehicle or sell it where that bonding stamp could be an issue, that you take that into account.
Visit Our YouTube Channel for more insights and discussions on various topics. Consider subscribing to our YouTube channel. Click here!
Arizona Duplicate Title
So how do you get a duplicate title for your car in Arizona? This is Dave at cartitles.com.
Cost and Submission Methods
It only costs four dollars to get a replacement title. You can either mail the document to Phoenix, or there are some third-party locations where you can go in person all around the state to submit that form.
Lien Release Requirements
If there’s a lien release or if there’s a lien on the vehicle, you’ll either need a lien release, or they’ll send the title duplicate to the lender and then they’ll send it to you if you pay off the loan.
Processing Time
There’s a very fast ETA on these Phoenix duplicate titles in Arizona. If you go to the state office in person or if you send it by mail, they’ll turn it around in five days and send it back to you. So in addition to mailing time, it’s less than a week to get your title.
Conclusion
So, Arizona is a great place to get a duplicate title—four bucks and it comes back to you very quickly.
Visit Our YouTube Channel for more insights and discussions on various topics. Consider subscribing to our YouTube channel. Click here!