Lienholder's Petition for Release of Seized Motor Vehicle Notice of Hearing/Waiver and Order: This is an official form from the North Carolina Administration of the Courts (AOC), which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by North Carolina statutes and law.
North Carolina Lienholder's Petition for Release of Seized Motor Vehicle Notice of Hearing - Waiver and Order
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Description Nc Vehicle Seizure Form
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How to fill out North Carolina Lienholder's Petition For Release Of Seized Motor Vehicle Notice Of Hearing - Waiver And Order?
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FAQ
If a vehicle is part of a financing agreement, the legal owner will be the individual or entity that provides the financing, and is referred to as the lienholder. The registered owner is responsible for maintaining compliance with DMV laws and regulations.
Go to the North Carolina Division of Motor Vehicles (ncdot.org) and click on the "Vehicle Services" link located across the top. Click on "Liens on a Title." Click on "Lien Recording Application (MVR-6)" to download the form. Sign the form in front of a notary.
Remove a Lien from an NC Title Once you've paid off your auto loan, you can apply for a clear title (i.e. remove the lien) by submitting the following at your local NC DMV office: Application for Removal of Lien from the Certificate of Title (Form MVR-8). Application for Duplicate Title (Form MVR-4).
When there is a lien holder on the vehicle, the settlement check for the car's ACV goes to that financial institution and any money left over after the payout would come to you.
If you finance a car, a lienholder may be listed on your car's title and your car insurance policy until you pay it off. A lienholder is a lender that legally has an interest in your property until you pay it off in full.
A lien lasts as long as a car has an outstanding balance on it, so if you purchase a car with a lien on it, you must pay it out in full.The DMV will have details on the title holders of the vehicle, so it's a good place to start when it comes to buying or selling a car with a lien on it.
200b200b200b200b200b200b200b200bTitle applications require 10-15 business days for processing, but the N.C. Division of Motor Vehicles offers an expedited titling service referred to as an instant title in which titles are processed and issued the same day or next business day.
Release ownership by signing on line one on the front of the title. If the vehicle is, or was financed, the lienholder's name appears in the legal owner section and their release with counter signature is required on line two. For step-by-step instructions see the California DMV instructional video here.
If you are financing your car through a bank, private lender, or dealership, they are the lienholder. The lienholder owns your car while you make payments on it. If you default on the loan, the lienholder can repossess the vehicle.