Paying off a car loan is a big achievement, but if the process of Rhode Island car title lien release isn’t smooth, your celebration could be short-lived. Rhode Island does require the lienholder to release the title and send it to the owner after the loan is paid, but that can take time and be lost in the shuffle, or be lost altogether, or have procedural errors. Knowing what Rhode Island wants from the owner and the lender can really speed things up. This guide explains what a lien release is, how Rhode Island handles payoff situations, what to do if the lender does not deliver the title, and how to keep the process on track. How Car Title Lien Releases Work in Rhode Island When you finance a vehicle, the lender puts a lien on the title. The lien is the lender’s legal claim to the vehicle until the loan is paid. On repayment of the loan: · The lienholder must issue a lien release within a specific time after payoff · The title is sent to the owner with a note that the lien has been ...
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