The New York What Lenders Should Know About the NYS Vehicle, Boat & Manufactured Home Title Program is a program that helps lenders understand the process of titling vehicles, boats, and manufactured homes in New York State. This program outlines the requirements, documents, and processes for registering and titling these vehicles, boats, and manufactured homes in New York. Specifically, lenders must understand the differences between a Certificate of Title, a Manufacturer's Statement of Origin, and a Bill of Sale. The program also outlines the requirements for documenting the identity of a vehicle or boat owner, the title transfer process, and the various fees involved. Additionally, lenders should understand the different types of titles available, such as salvage titles, rebuilt titles, and title-only transfers. Lastly, the program provides guidance on the title-lien process and how to verify a lien holder's identity.
New York What Lenders Should Know About the NYS Vehicle, Boat & Manufactured Home Title Program
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