California Release of Lien for Car
Description
How to fill out Release Of Lien For Car?
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FAQ
The fee may not exceed $70 for vehicles valued at $4,000 or less or $100 for vehicles valued over $4,000 or from a self-service storage facility. This fee becomes part of the possessory lien, however, only half of this fee can be charged if the vehicle is redeemed before the lien sale notifications have been mailed.
The lienholder's release, if any, must be notarized. The buyer should then bring the completed form to a DMV office and we will issue a new registration and title. Make sure you have all signatures on the proper lines to avoid delays.
When the lien is satisfied, a lien satisfaction notification will be sent to DMV and the title will either be automatically issued to the registered owner of the vehicle, or to a new lienholder if one is being added.
In California, the DMV governs the process for enforcing these liens and conducting lien sales. The lien gives the repair shop or storage facility the legal right to retain possession of the vehicle until payment is made or to sell the vehicle to recoup the costs of the unpaid services.
Change of Name?The following must be submitted: The California Certificate of Title or an Application for Duplicate or Transfer of Title (REG 227) form. ? The LO new name must be printed on the back of the title; however, a signature is not required. ? The LO address must also be shown on the back of the title.
Lienholder Title: A vehicle with a lien or title loan may have a title issued directly to the lienholder. The purchaser will be listed as the owner, but the title will list the lender as lien holder, and the lender will retain possession of the title.
You can remove the lien by providing DMV with proof of possession, such as: For registered owners, a vehicle verification or proof of payment on the lienholder's letterhead.
Lien Release: After a lien has been filed, the California claimant can release or cancel the lien by filing a Mechanics Lien Release form with the county recorder's office where the lien was originally recorded.
