Obtaining a Lien Release from a Closed or Failed Bank. If there is a lien on a property you own or are looking to buy, you can apply for a lien settlement to reduce the fine amount due.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. An electronic title provides the same information as a paper title and requires the same documents as a paper title when applying for one. Try the DMV and just insist that the bank doesnt have the lien and you need to get this resolved. Title documents and applications for electronic titles are handled in the same manner as paper titles. Provident Bank is pleased to spotlight Town Title Agency of Paramus, NJ! ☐ I certify that this motor vehicle was repossessed upon default in the terms of the lien instrument and is now in my possession.