Obtaining a Lien Release from a Closed or Failed Bank. The lienholder must print the letter on the official letterhead of the loan company, and an authorized officer must sign the letter.The FDIC may be able to assist you in obtaining a lien release if the request is for a customer of a failed bank that was placed into FDIC receivership. The way it works is you have to submit a very specific document um called the lean satisfaction or lien release to the dmv. You will have to pay a fee, fill out the form, attach the lien release and mail it in. How can I obtain a lien release if I lost or damaged my title? After paying off your car loan in New Jersey, you'll receive a lien release letter from your lender. This signifies the car title is free and clear. The person or company that is the lienholder will sign the title in the lien release section. It is sent to the owner.