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When your loan is paid off, your lender will send the lien release to the DMV. The DMV or other state office will then send the updated title to you. This process can take longer than in a title-holding state. However, you may not have to submit much, if any, paperwork.
The state of Arkansas DOES require a Certificate of Title in order to transfer ownership of your vehicle.
(c) The lien for labor performed and materials or fixtures furnished, as provided for in this subchapter, shall have priority over all other encumbrances that attach to the real estate or improvements thereon subsequent to commencement of construction or repair.
What You'll Need to Do to Transfer your Vehicle Title in Arkansas Visit any DMV office near you. Obtain the vehicle title from the seller and sign and date as the ?buyer." Make sure the seller has also signed and dated the title and filled in the bill of sale and odometer sections, if required.
It's illegal to sell your car without a title in 48 states. Alabama and Arkansas may accept a bill of sale in place of a title in some situations. Car owners can apply for duplicate or replacement titles through appropriate state agencies.
A lien release is a document that is filed in the public land records as the official notice that the lien is removed. Once payment has been received, a contractor has a duty to remove any lien that was filed against the property.
Arkansas residents can apply at any state revenue office. Please allow a minimum of three weeks processing time to receive your title. Please allow a minimum of three weeks processing time to receive your title.
Once filed, an Arkansas mechanics lien claim is only valid for a period of 15 months from the date the claim was recorded. Failure to file an enforcement action within that timeframe will cause the claim to expire, and no longer be enforceable.