Might depend on state but... - Saab NG900 & OG9-3 Bulletin Board - Saabnet.com
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Might depend on state but...
Posted by saw (more from saw) on Wed, 28 Mar 2001 20:08:38
In Reply to: Re: Title question, amtsst, Wed, 28 Mar 2001 14:08:28
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Often you receive a title that indicates you are the owner of the vehicle with a lien against it. The title will have both your name and the banks name on it (assuming it is a typical car loan secured by the car). After all until the loan is paid off both you and the bank are part owners of the car. If this is the case, the state should send it to you within about 30 days after registration (keep it safe). Typically after you have paid off the loan you will send some sort of statement from the bank along with your original copy of the title with the lien on it to the state and get a clear title without the bank's name on it. The state keeps the title of origin which simply indicates to the state it is a new vehicle that has never previously been titled.
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