A&Q about Lotus
Q:
I purchased my Exige June and I just paid off my auto loan.
The loan company sent me a certificate of title (document REG 17.30R)
with their signature on its bottom.
I tried to figure out how to fill the form and send to DMV, but it looks
to me all the instruction I found is for the owner who bought or sold
the vehicle to change the ownership.
My case I just need to delete lienholder.
Local DMV office is not close and their phone line always make me wait
long.
Is there any CA Lotus owner to give me some advice?
A:
AAA (AutoClub of So. Cal) can do all of this for you from what I understand. Sorry I don't have a better answer.
A:
Loan company should submit that to DMV for you. Check with your loan company..
A:
dbisbee and Elise8206, thank you for your suggestion.
The loan company also attached a letter saying I need to contact
DMV to remove lienholder.
In my previous experience, loan company filed the change and I
received new title document without the name of lienholder on it.
This time, loan company don't do the paperwork.
A:
Originally Posted by Hiro
dbisbee and Elise8206, thank you for your suggestion.
The loan company also attached a letter saying I need to contact
DMV to remove lienholder.
In my previous experience, loan company filed the change and I
received new title document without the name of lienholder on it.
This time, loan company don't do the paperwork.
Lazy Loan Company!
A:
On another car of mine, when we paid it off the loan company sent us the original title, along with their signature on it (as lien holder) releasing all interest in the vehicle. It's my understanding that no further action is needed, when the time comes later to sell the car we then sign the title over like normal.
A:
When my car got paid off, the loan company sent me the title, which had their name on it. You have to do a title transfer, $15 in California. It takes a while to find the form online but it's there. Then they send you back a new title.
A:
I did some more research:
Requirements after paying off your car loan.
After you pay off your loan, the lienholder will sign the title and mail it to you. If the lienholder is in DMV’s Electronic Lien and Title Program (ELT), the title will be automatically mailed to you. The ELT is a voluntary program for lienholders that provides the lienholder with an electronic (paperless) certificate of title in lieu of a paper title.
Submit your title to DMV within 30 days to remove the lienholder's name, and DMV will issue a new title in your name. There is a transfer fee to remove or change a legal owner. (The mailing address is listed below.)
If the title is lost, an Application for Duplicate Title (REG 227) must be completed and signed. When an application for duplicate title is used, the legal owner's signature must be notarized. There is a fee for the duplicate title. If you have difficulty locating your lienholder (bank, credit union, or financial/lending institution) to obtain a release, try our Financial Institution Listing.
You may mail the title with a check or money order for the transfer fee or the REG 227 with a check or money order for transfer fee, plus the duplicate title fee to:
Department of Motor Vehicles
Registration Operations
P. O. Box 942869
Sacramento, CA 94269-0001
(source)
Oops. I better mail it in...
A:
Originally Posted by MattG
I did some more research:
(source)
Oops. I better mail it in...
Thank you, MattG.
Does the instruction mean I just need to mail the title document
I received from loan company (without fill anything) with $15
check for transfer fee?
Then it's very easy.