What does it mean if a lender asks for a “title” from your purchase?
How do I get my title after paying off my car in Ohio?
When you pay off a vehicle loan, the lender will either release the lien:
- Manually by marking that the lien was discharged on the front of the title and then sending you the title showing the lien as satisfied. OR.
- Electronically if your lender participates in Ohio’s Electronic Lien and Title Program.
What is the most common type of title loan?
car title loan
The most common type of title loan is a car title loan, where the car itself is the asset put up as collateral. Title loans are usually taken on by individuals needing cash fast or those in financial difficulties.
How much is a title transfer in Michigan?
$15
The title transfer fee in Michigan is $15. Once you’ve submitted all required documentation, you should receive a new title within 14 days. Pro Tip In Michigan, you cannot transfer the title for a vehicle that has a loan out on it.
How do I get my title in Michigan?
To order:
- Visit any Secretary of State office.
- Sign the title application and present your identification.
- Pay the duplicate title fee of $15. The cost will be $20 for a same-day title.
- Your duplicate title will arrive in the mail in 14 days.