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It means that the legal ownership of the vehicle is in question. There might be a lien on the title, for example ( a claim on part of the value of the vehicle), possibly due to an outstanding bank loan or perhaps a claim from a car repair shop that was never paid for their work.
The vehicle purchase date refers to the specific date on which a person or entity acquires ownership of a vehicle. It is the date when the transaction for purchasing the vehicle is completed and the ownership rights are transferred from the seller to the buyer. GPT3.
Heres the key difference: 🔹 A date down report (or bring down) is a limited update used primarily to extend a title insurance policy or commitment to reflect the current state of title as of a new date. However, it may not account for unresolved encumbrances recorded after the original policy was issued.
What Does a Car Title Look Like? Identifying information: Vehicle identification number (VIN), make, model, year, and color. Owners name and address. Title issue date: The date the vehicle was purchased. Odometer: Reading and when it took place. Outstanding liens: Usually, the financing lender.
Title Date means the date of Buyers title commitment or, if Buyer elected not to obtain said title commitment, the last day of the Due Diligence Period.

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For the purposes of almost every title policy, the Date of Policy is the date on which the document creating the interest insured is recorded in the public records. This means that, for an Owners policy, the Date of Policy is the date that the Deed into the Insured is recorded in the local land records.
Date issued The date is recorded when a title is issued to a new car owner. This is an important reference point for determining when someone took possession of a vehicle.

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