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The Virginia Department of Motor Vehicles (DMV) implemented the Commonweath's Electronic Lien and Title (ELT) System in 1995. The System gives you the capability to electronically exchange lien and title information between the lienholder and the motor vehicle agency.
When you pay off your vehicle loan, the lender has ten days to notify you (§ 46.2-643) and must send you the title showing your lien as satisfied. When you receive the title, you can either (1) exchange it at DMV for a clear title and pay the fee, or (2) keep the title that displays the lien as satisfied.
If you have recently purchased a vehicle from a dealer and that dealer is processing the work for you, be aware that it may take up to 30 days for the dealer to process your transaction and for the vehicle to appear in your DMV record.
Any person in possession of an abandoned vehicle shall initiate with the Department, in a manner prescribed by the Commissioner, a search for the owner and/or lienholder of record of the vehicle, requesting the name and address of the owner of record of the vehicle and all persons having security interests in the ...
To remove the lien from DMV's records, bring the title to any DMV customer service center and apply for a substitute title. The fee is $15.00. DMV will issue you a new title. "Lien Satisfied" and the date will be printed on the new title.
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When you pay off your vehicle loan, the lender has ten days to notify you (§ 46.2-643) and must send you the title showing your lien as satisfied. When you receive the title, you can either (1) exchange it at DMV for a clear title and pay the fee, or (2) keep the title that displays the lien as satisfied.
Title Transfers in Virginia: Step-by-Step. A title transfer is simple with both parties are present, and paperwork ready. The transfer should happen within 30-days of the transaction else you may need to pay a late fee. Every vehicle transferred requires a safety (emissions) inspection done at a local VA DMV.
Generally, it takes two to six weeks, but it will depend on your state's processes. For the specifics of how long it takes to get your car title from the bank or lender once you pay off your car loan, check with your BMV or DMV.
You Can Sue the Dealer For Not Giving You the Title Consumers can file a complaint with the MVA when the dealer will not provide the title. Or of course they can contact an attorney and dealerships often have to pay attention to a lawsuit a lot faster than simply a complaining customer.
Titles are printed for vehicles at no fee when the owner has previously requested that DMV hold the title electronically and subsequently requests a printed title. To obtain a printed title: Order online OR. Bring your current registration card and your driver's license or ID card to your local customer service center.

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