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Financing your vehicle after a title has been issued in your name or refinancing your vehicle is considered a supplemental lien.
What Youll Need to Do to Transfer your Vehicle Title in Virginia Visit the DMV near your area. Consider making a DMV appointment or getting a line waiting concierge. Submit the documents. Pay the fees. Record the odometer reading. Select electronic or paper title.
A certificate issued in the names of two persons, with their names separated only by or, shall create joint ownership during the lives of the owners, and individual ownership in the survivor of them.
Liens are applied to a vehicle title when you first purchase it unless you pay the full cost with your own funds. A lien may also be placed on a vehicle if you refinance it. Once you title your vehicle in Virginia, DMV will forward your title with the lien recorded to your lender (lienholder).
The lender will manually release your lien by signing and dating the lien release section on the title and mail the title to you directly. When you receive the title, you need to visit a DMV customer service center to apply for a substitute title and have the lien removed from DMV records.
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7 days after paying off your vehicle loan, your title will be released and mailed to you by the DMV. If we have the title in-house, then our Title Department will mail it to you.

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