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. Service providers are third-party companies that handle all ELT transactions including adding, releasing, and removing vehicle liens.Find out when, where, and how you can remove a lienholder from your car title after you've paid off your loan. A lien release is mailed to you upon your loan being paid in full. Please allow up to 10 business days for the lien release, after the vehicle loan is paid in full. For electronic titles. I need a lien release for a vehicle. Michigan. My car was totaled, so this is intial request. A vehicle title with a lien from an out of business lienholder has a DMV hold on it until a lien release is obtained. In some states, getting your title is an automatic process after you pay off your loan.