Maine Release of Lien
Description
How to fill out Release Of Lien?
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FAQ
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: A bill of sale that includes the make, serial (VIN) number, the date of the sale, and amount paid.
Maine doesn't require an in-state driver's license. You must bring your out-of-state title and registration (if transferring from another state) and your Maine insurance card. Massachusetts only requires you to prove lawful presence in the U.S. to register a vehicle in the state.
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. 500. MVT-22. NOTICE TO SECRETARY OF STATE OF AN UNCLAIMED VEHICLE.
On the back of the title you will fill out completely the upper block of information that says ASSIGNMENT OF OWNERSHIP. Print the buyer(s) name and address on the lines provided. Enter Date of Sale. Under ODOMETER DISCLOSURE STATEMENT fill in the odometer reading in the space provided.
If an owner creates a security interest in a vehicle, the owner must complete an application stating name and address of lienholder. The owner must deliver the application to the lienholder with the certificate of title and fee.
There are only nine title-holding states: Kentucky, Maryland, Michigan, Minnesota, Missouri, Montana, New York, Oklahoma, Wisconsin. In the other 41 states, titles are issued to the lien holder of your vehicle until the loan is fully paid off.
Vehicles that are 25 model years and newer are required to have a title in the State of Maine (1998 model year and newer). As of October 25, 2023, vehicles that are 1997 model year and older are title exempt.
