It'll take Toyota up to ten days to close out the lien. You can give the original title and the original lien release to the buyer.If you want to get a lien-free title, please read below for further instructions. Responsibilities of the Lien Holder (Lender). Acquiring a vehicle title lien release is required in order to transfer ownership of a vehicle. Customer: Please release the lien. Lawyer's Assistant: OK. Got it. Settlement Agreement and Release. " A sealed settlement agreement apparently was filed.