3 ms·
It probably varies by state in the US, I know that where I live, the primary lienholder is in possession of the title and releases it when the loan is paid in f
by larvaetron 9y ago
It probably varies by state in the US, I know that where I live, the primary lienholder is in possession of the title and releases it when the loan is paid in full. I can't think of a scenario where I could own a vehicle and physically hold the title, yet have an auto lender's lien on it.
- mjcl 9y agoI had something like that happen when I refinanced a car loan. The old lender released the title and sent it to me. About a year later the new lender finally noticed they didn't have the title and asked for it.