MVA and Lein Release

[czygvtwkr]

Anyone know if I have to take the lein release that I got in the mail to the MVA or what? I just finished paying for my car and got the lein release paper in the mail.

 

[Lugnut]

Anyone know if I have to take the lein release that I got in the mail to the MVA or what? I just finished paying for my car and got the lein release paper in the mail.

Yup, the MVA takes the release, you pay a fee, they send you a new title without the lien stuff on it. Just did the same thing myself.

 

[morganj614]

dumb woman question

I paid my car off 2 years ago but didn't know I had to do what you just said. Why do I have to do it? TIA for your kind answers

 

[Angel]

Here you go:
http://mva.state.md.us/AboutMVA/INFO/27300-18T.htm

 

[Lugnut]

Here you go:
http://mva.state.md.us/AboutMVA/INFO/27300-18T.htm

GRrrr, I didn't want a stamped title so I traded my old title for the new "clear" title and those rat bastards STILL charge me for the new one.

Thanks for the link Angel.

 

[morganj614]

Here you go:
http://mva.state.md.us/AboutMVA/INFO/27300-18T.htm

Thanks. I knew I needed a clear title if I was selling my car. I also thought there might be some obscure reason I needed to do this right away. After reading that link, I am clear on it.

 

[Mikeinsmd]

Here you go:
http://mva.state.md.us/AboutMVA/INFO/27300-18T.htm

As you see in the quote below from the article, you have to do nothing!! It is a waste of your $$ to go pay for a "clear" title. You can have them stamp your current title for free if you like if you have nothing better to do than stand in MVA lines.

When you sell the car, you give the buyer the release & you are out no money. I've done this dozens of times.

You may choose to do nothing when you receive the Maryland Notice of Security Interest Filing (SIF) or lien release letter from your lien holder. Simply file it in a safe place with your title. However, when you decide to sell or otherwise dispose of the vehicle, you will need to submit the SIF or lien release letter to the MVA at that time in order to complete the transfer of ownership.

 

[MMDad]

As you see in the quote below from the article, you have to do nothing!! It is a waste of your $$ to go pay for a "clear" title. You can have them stamp your current title for free if you like and have nothing better to do than stand in MVA lines.

When you sell the car, you give the buyer the release & you are out no money. I've done this dozens of times.

The first time I paid off a car in MD, I called MVA to ask how to get a clear title. The woman on the phone said "Why would you want to pay money for something stupid like that?"

 

[Lugnut]

The first time I paid off a car in MD, I called MVA to ask how to get a clear title. The woman on the phone said "Why would you want to pay money for something stupid like that?"

Because stamps can be faked. Ask me how I know. I dare ya...

 

[Pandora]

The first time I paid off a car in MD, I called MVA to ask how to get a clear title. The woman on the phone said "Why would you want to pay money for something stupid like that?"

My bank notified the DMV letting them know there is no longer a lien on the vehicle. Then, the DMV sent a "Maryland Notice of Security Interest Filing" showing termination of the lien.

 

[BOHDEN]

Anyone know if I have to take the lein release that I got in the mail to the MVA or what? I just finished paying for my car and got the lein release paper in the mail.

not really, you can hold on to it and when you sell it you just need to provide the buyer the title and the lein release. Why spend the money to have it done, unless you want to take a loan against the car then you have to have it changed.

 

[Mikeinsmd]

Because stamps can be faked. Ask me how I know. I dare ya...

Why get it stamped?? If you have the lien release from the bank, you're golden.

 

[Pete]

I paid off my Honda and they just sent the lien release. When I traded it I took both the title and the release and signed them over. No problem.