When your loan is paid off, your lender will send the lien release to the DMV. After the last payment is made, the dealership signs the title and sends it to the DMV for processing.The DMV will then send the buyer a new title. Once the loan is paid off, you will receive a Paid in Full letter within 7 to 10 days at the account address. A lender's payoff statement or letter will show the amount you need to pay to completely close out the loan. When your loan is paid off, your lender will send the lien release to the DMV. Complete Onboarding. Take your final steps to add PNC as the lienholder on your new Auto loan. How long does it take to fill out the form to apply for an auto loan from Navy Federal? Find the perfect loan for your next new or used vehicle purchase.