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Dear Driving for Dollars, i’ve paid down the lien-holder bank on my auto loan, and it is likely to deliver me personally documents saying that We have completely compensated the mortgage. What’s the process getting the name from right right here? — Don
Dear Don, the method differs according to a state, but usually the lien owner is necessary to inform your state’s Department of automobiles, either electronically or by publishing documents that states you have got paid down your loan. Typically, there was a little bit of a wait for the lien holder 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 continuing states, when the automobiles division is notified, it’ll automatically mail you the name. In other states, you’ll need certainly to head to a situation automobiles agency office to obtain the name. To master the procedure in a state, see your state’s motor cars internet site. a list that is complete of by state are available at Dmvlist.com.
At driving for Dollars if you have a car question, e-mail it to us.