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What states are title-holding states? AlabamaIllinoisNevadaCaliforniaKansasNew MexicoColoradoLouisianaNorth CarolinaConnecticutMaineNorth DakotaDelawareMassachusettsOhio6 more rows Jul 22, 2022
States offering an ELT program include Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Kansas, Louisiana, Massachusetts, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington, and Wisconsin. Several states have or will require lenders to participate.
Yes, you can transfer a NY title with a lien listed on it As long as you give the buyer/new owner the original proof that the any lien listed was paid off/satisfied. The NY DMV will accept the title and proof that lien was satisfied when the new owner/your buyer will register and apply for a title.
Since your auto loan lender holds the lien on your vehicle, they also hold the title certificate. When you purchase a vehicle, the lienholder, aka auto loan lender, files the lien with New York State Department of Motor Vehicles.
o If the lienholder is an individual, a notice of release (lien release section of DOR-4809) must be completed, signed, and docHubd. An estate executor may release the lien by submitting the above with an original or certified copy of the probate court order. information is legible.
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People also ask

Liens can be filed with the New York State DMV for all titled vehicles, boats and manufactured homes (MFH). The lien filing fee is $5.00 per lien filed, and is paid by the lender.
In New York, sellers do not need to remove a lien from the vehicles title. You can give the original title and the original lien release to the buyer. However, if you want to give the buyer a lien free title, the New York DMV has provided detailed instructions here.
Under RCW 60.04. 181, the property owner has the right to take the case to court to compel deliverance of the lien release, i.e., demand that the satisfied lien be released and wiped off the record. Lawsuits can be expensive and stressful, so its best practice to avoid court appearances altogether if you can.
The nine non-title holding states are Michigan, Minnesota, New York, Arizona, Kentucky, Oklahoma, Wisconsin, Maryland, and South Dakota. In these states, even if youre financing, the title is sent to you after you take delivery of the vehicle and you typically get it within two to six weeks.
A lien is a claim on property to ensure payment of a debt. When you borrow money to purchase a car, the lender files a lien on the vehicle with the state to insure that if the loan defaults, the lender can take the car. When the debt is fully repaid, a release of the lien is provided by the lender.

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