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Vehicle release texas Form: What You Should Know

Form is located on the Texas Transportation Code website, ; if it was not provided to you by the dealer or your broker, please contact the Texas DOT at or.

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Video instructions and help with filling out and completing Vehicle Release Form Texas

Instructions and Help about Vehicle Release Form Texas

So, I did get a title for a vehicle which has a lien recorded against it. This is Dave at cartitles.com. A lien holder title is exactly that - a title that's currently held by the bank or lender or is encumbered by that bank or lender. Meaning, the title has that stamp or has that record that the lien holder is claiming that as collateral for their loan. In many cases, the lien may have been paid, the account may have been paid to zero, but the bank hasn't released that lien from the title. In some cases, there's still a balance owing. The bank is under no obligation to assist an owner, a purchaser, a title holder in removing that lien. If it's requested, they sometimes will issue a lien release if they can find that the loan is paid off. In many cases, the records have been purged if it's an old lien. In some cases, a vehicle is presented to us where the lien is still in place on the vehicle. The prior owner, the borrower who is paying that loan, decided not to pay it anymore. They may have abandoned it, they may have sold it even with a lien on it unbeknownst to the buyer. And in that case, that lien is still valid. That lender is still going to have that lien on their books. Now, in some cases, as a licensed, bonded, insured title recovery agent, we can obtain an estoppel of that lien at less than face value where a consumer may not be able to do that. The lien holder may have, you know, five or six thousand dollars showing on their books for that vehicle, but we can sometimes have that removed for a nominal cost. So, a lien...