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Dear Driving for Dollars, We have paid down the lien-holder bank back at my auto loan, and it’s also planning to deliver me personally documents stating that We have fully compensated the mortgage. What’s the procedure to obtain the name from right right here? вЂ” Don
Dear Don, the procedure differs according to a state, but usually the holder that is lien expected to notify your stateвЂ™s Department of Motor Vehicles, either electronically or by publishing documents that states you’ve got paid down your loan. Typically, there clearly was a little bit of a wait for the lien owner to get this done 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’s going to immediately mail you the name. In other states, youвЂ™ll need to head to a state automobiles agency workplace to obtain the name. To master the method in a state, see your stateвЂ™s motor cars internet site. a list that is complete of by state can be located at Dmvlist.com.
When you have a car or truck concern, email it to us at Driving for Dollars.