Maine Release of Lien for Vehicle

State:
Multi-State
Control #:
US-01775-AZ-3
Format:
Word; 
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Description

This form is a release of a lien. The form provides that the lienholder chooses to release a certain parcel of property and the owner from all liability arising from the labor performed and materials furnished by the lienholder under the terms of a contract mentioned in the document.

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FAQ

As of January 1, 2010, 1995 and newer vehicles need a Maine title. A vehicle 1994 and older does not need a Maine title. To register a vehicle purchased through a private sale, the new owner must provide the following items at the time of registration: 1.

MVT-16. AFFIDAVIT OF SURVIVING SPOUSE/PERSONAL REPRESENTATIVE.

Electronic Lien Titling Program. Maine Bureau of Motor Vehicles is launching an Electronic Lien Titling Program (ELT) on January 31, 2024. The program allows BMV and lenders, through a third-party service provider, to exchange lien and title information electronically.

Finalize Transferring Your Vehicle Title with Maine BMV A vehicle title application or manufacturers certificate of origin (form MVT-2) Bill of sale. Proof of a release of lien (if applicable) An odometer disclosure statement. Proof of a valid ME vehicle insurance policy. Payment for the title transfer fee: $33.

TITLE APPLICATION & RECORD FEES$33.00Application for duplicate title$33.00Application for corrected title$33.00Application for duplicate certificate of lien$33.00Assignment of a Vehicle Identification Number (VIN)18 more rows

Electronic Lien Titling Program. Maine Bureau of Motor Vehicles is launching an Electronic Lien Titling Program (ELT) on January 31, 2024. The program allows BMV and lenders, through a third-party service provider, to exchange lien and title information electronically.

It can take up to 2 months for the Title Unit to mail out your new title. It is possible to put a rush on it, but you must request rush status when you first apply. If you used an auto loan to buy the car, the title will be mailed to the lien holder. You receive the title once the loan is paid off.

CURRENT WAIT TIMES FOR PROCESSING OF MOTOR VEHICLE TITLESRegular Issue TitleRush Title and Rush DuplicateDuplicate Title2 weeks3-5 Business Days5-8 Business DaysAll time frames are based upon receipt of accurately completed applications within the production unit and are exclusive of mail time.

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Maine Release of Lien for Vehicle