How To Register A Car In Ny With A Lien
When you purchase a vehicle that has a lien on it the lien basically transfers to you so even though you paid for the car and did your part the lien holder can still repossess the vehicle from you.
How to register a car in ny with a lien. You or your business must register and title at a department of motor vehicle dmv office any vehicle you own or lease. If the state does not provide a title document because there is a lien on the vehicle an electronic title printout from the dmv is acceptable. Depending on the type of vehicle you are going to register you may need to bring different documents. The service does not display any personal information about the vehicle owner or registrant. In new york state you can register a vehicle with a lien on it.
You can transfer the title with the lien listed as well but you ll have to provide the new owner your original document proving the lien has been satisfied. The lien filing fee is 5 00 per lien filed and is paid by the lender. Vehicle identification number vin vehicle model year. The new owner then applies to the new york dmv for a registration and title certificate and encloses proof of ownership as well as the document that details the payment of the lien. Acquiring a vehicle title lien release is required in order to transfer ownership of a vehicle.
The seller whose name appears on the proof of ownership must record the name of the buyer and sign the transfer section of the proof of ownership. Check a title or lien status online. Ford jeep this information can be found on your vehicle s registration documents see a sample. Many dmv pdf forms can be filled in online and then printed out. The problem is when you get the title back it will show the lien on it.
Vehicles sold by new york state dealers new and used. Section 2121 of the new york vehicle and traffic law specifically states. You must bring all of the documents required to register a vehicle along with a completed statement of transaction if this is a vehicle you have just purchased and do not currently have the title or transferable registration in your name to a dmv office. How to add record a lien to a title certificate liens can be filed with the new york state dmv for all titled vehicles boats and manufactured homes mfh. Delays in obtaining title to such vehicles due to the lien holder being slow to mail or deliver the release can cause problems for purchasers and dealers.