Vehicle Title Ownership Clarification

Summary

If you have the vehicles title in your name, it generally indicates ownership. However, you might still owe money to Autopay or US Bank if the loan wasnt fully paid off. A lien might be placed on the title if you owe money. To check for a lien, contact your local DMV office, check online through your states DMV website, or review the vehicle title for lienholder information. If theres no lienholder information on the title, it generally suggests theres no active lien. Consult a local consumer law attorney for accurate guidance.

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I have a question about my vehicle title
Hello ****, I'm happy to help with your vehicle title question. Can you please provide more specific details about your situation? For instance, are you trying to transfer ownership, or are you having issues obtaining the title?
I purchased a vehicle that had a salvaged title with a loan from US Bank. I then used a third party called Autopay to help refinance the loan through Velocity Credit Union. Velocity Credit Union determined they could not hold the loan because it was a salvaged title. They sent the loan back to Autopay, but I received the physical title from the DMV. Do I own the car outright now?
Hello ****,
This can be a complex situation. Generally, if you have the vehicle's title in your name, it indicates ownership. However:
- You might still owe money to Autopay or US Bank if the loan wasn't fully paid off.
- A lien might be placed on the title if you owe money.
It's advisable to check for liens and consult with a local attorney for accurate advice.
How do I check for a lien?
You can check for a lien on your vehicle by:
- Contacting your local DMV office.
- Checking online through your state's DMV website.
- Reviewing the vehicle title for lienholder information.
Please consult a local attorney for accurate guidance.
There is not lienholder information on the title
If there's no lienholder information on the title, it generally suggests there's no active lien on the vehicle. However, to be certain, you should still contact your local DMV or consult a local attorney. Please note that this information is purely advisory.
What kind of attorney should I contact?
You should consider contacting an attorney who specializes in "Consumer Law" or "Automobile Law". They can help you navigate your situation with the vehicle title and loan. Please remember to consult with a local attorney for accurate guidance.