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Dec 30th, 2023
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 Re-title after lien release
#8881814
04/30/13 04:50 PM
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Joined: Apr 2004
Posts: 14,757
Stump jumper
OP
TFF Guru
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OP
TFF Guru
Joined: Apr 2004
Posts: 14,757 |
Paid off truck yesterday and finance company said to re-title to get lienholder off the title. I have never done this. I always wait until I sell. Should I be doing this? I have 3 titles like this. One truck, boat, and motor.
2200 Bay Champ/200 Mercury Optimax
2017 Tundra TSS 4x4 Crewmax 5.7L
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Re: Re-title after lien release
[Re: Stump jumper]
#8881952
04/30/13 05:21 PM
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Joined: Mar 2010
Posts: 3,606
ChuChu1
TFF Team Angler
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TFF Team Angler
Joined: Mar 2010
Posts: 3,606 |
Are the titles signed by the former lien holder showing the lien is released? That's all you need.
Snowflakes and entitled brats will be the doom of America!
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Re: Re-title after lien release
[Re: ChuChu1]
#8881999
04/30/13 05:31 PM
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Joined: Apr 2004
Posts: 14,757
Stump jumper
OP
TFF Guru
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OP
TFF Guru
Joined: Apr 2004
Posts: 14,757 |
Are the titles signed by the former lien holder showing the lien is released? That's all you need. Yes they are. I have never had a problem so I do not see the need to go to the trouble of getting a new one just to get the lender off.
Last edited by Stump jumper; 04/30/13 05:31 PM.
2200 Bay Champ/200 Mercury Optimax
2017 Tundra TSS 4x4 Crewmax 5.7L
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Re: Re-title after lien release
[Re: Stump jumper]
#8883658
05/01/13 12:45 AM
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Joined: Mar 2002
Posts: 2,438
hadude
Extreme Angler
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Extreme Angler
Joined: Mar 2002
Posts: 2,438 |
Are the titles signed by the former lien holder showing the lien is released? That's all you need. Yes they are. I have never had a problem so I do not see the need to go to the trouble of getting a new one just to get the lender off. Never had a problem also.
Every word of God is flawless; he is a shield to those who take refuge in Him. Pr 30:5
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Re: Re-title after lien release
[Re: Stump jumper]
#8886354
05/01/13 06:35 PM
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Joined: Aug 2011
Posts: 133
Grandad
Outdoorsman
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Outdoorsman
Joined: Aug 2011
Posts: 133 |
As a retiree of the Tx DMV, I can tell you that in Tx, you are good to go as long as the lienholder correctly signed off on the title AND as long as your title is not lost or destroyed. If you do not have the title signed by the lienholder, then you do not have proof that the lien has been released.
Now suppose that (XYZ Bank) has gone out of business and cannot be found, or if the lienholder was Mr. ABC and he moved to another state and you have no way to contact him. The records will still show that there is a lien and even though the debt has been paid, the lienholder must be the one who applies for a duplicate or new title.
Yes, there are procedures to get a new title. BUT it is a lot simpler to just take your title to the county tax office now and apply for a clear title. The $10 title fee could save you a lot of frustration.
That's JMO
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