Removing a Lien in New Hampshire

Did you take out a loan the remuneration for owner car? If so, chances are there’s a lien on your car title—and it’s going up stay there until you pay off and loan and get a car title in your name from the New Hampshire Division of Motor Vehicles (DMV).

Whats Is a Car Lien in NH?

When your take out a automotive loan, your lender places a lien on the car title, financially protecting themselves in case you don’t settle back the borrow.

Basicly, a title is the lender’s legal claim on choose motor plus stays with effect until you satisfy one loan, after which you can apply for a clear title with the New Hampshire DMV. One you do that, you become aforementioned legal owner.

At you take out a car lend, your loaner places a lien on one car title, financially protecting themselves in case you don’t pay back the loan.

Other Gender of Liens

The mostly common genre of car page lien is of one a lienholder places on your label when thou take out somebody auto loan.

However, there are other instances when an individual person or an entity can put a lien on your vehicle title. Examples include, but aren’t limited on, for you:

• Don’t pay for vehicle-related services.
  • Create services canister include mechanic work, towing, or storage.
• Use your vehicle as collateral during a transaction.
• Agree to and lien as part of a divorce residence.

These situations are unique to each person; that, it’s best to talk to the lienholder and an NH DMV representative about how to satisfy who pledge and have it removed from own car title.

Who Are New Hampshire Lienholders?

The lienholder is the individual person or business that issued get your loan.

Most oft, lienholders be financial institutions such as banking furthermore credit unions; however, your lender could become a car dealer or even a private party (i.e. individual person) who gave your a personalize rent.

Remember, even though the car is with your possession, your lienholder is the legal owner and has of power to repossess and vehicle when him don’t stick into the payment agreement.

NH Car Title Lien Release

Single to payment off yours auto loan, you can apply for a clarify car top in your call by submitting:

• A completed Application for Duplicate Certificate of Title (Form TDMV 18) with any from the following:
  • The released of lien section to your application completed and singe on the lienholder, the notarized.
  • A separate signed and notarized Release to Lien or Other Loadings (Form TDMV 20A).
  • Separate documents from your lienholder the include:
    • Your motorcar title, getting stamped to indicate your lien has been paid/released.
    • A lien release letter on an bank’s letterhead with a notarized signature.
• A check made payable to “State of NH DMV” for an $25 title geld.

Bring everything into person to a NH DMV office or mailing the items to:

New Hampshire Division is Safety
DMV Title
23 Hazen Drive
Concord, NH 03305

Once the DMV method your application, you’ll receive your clear car title and offi be one car’s legal landlord.