See more Form 797-C. Affidavit of Lien Release versions
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A release of lien is a legal document that removes a financial claim (lien) from your property record. Its essential before selling or transferring property because it ensures the title is clear. Without it, transactions are often blocked by title companies or buyers until the lien is officially lifted.
How do I release a lien on an Oklahoma title?
If a lien is still active, no action is required. The lienholder will continue to hold the paper or electronic title until the lien is satisfied. If a lien has been paid off but a paper title has not been issued, the vehicle owner may request an electronic title release through Service Oklahoma.
What is the meaning of release of lien?
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.
What am I supposed to do with a lien release?
When your loan is paid off, your lender will send the lien release to the DMV. Once the DMV is notified, it will automatically mail you the title to your car with nothing required on your part. The DMV or other state office will then send the updated title to you, and you may not have to submit much, if any, paperwork.
How to obtain a lien release letter?
If the bank failed recently, within the past two years or less, and it was acquired by another financial institution, you should contact the acquiring bank for a lien removal. If you are unable to find the lien holder, contact the FDIC directly to request a release letter. You will need the title and proof of payoff.
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Oklahoma property Lien Release formOklahoma Mechanic's lien release FormOklahoma Lien Entry FormOklahoma form 773 LPOklahoma Affidavit of correction titleLien release letterOklahoma Form 798Service Oklahoma Forms
All information in the lien satisfied statement must be typed! The original lien release statement must be submitted. However, a faxed copy may be accepted,
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