If the question is "who is a lien holder with a financed auto" then the answer is usually: the party who loaned the debtor the money, that is, the bank or lender. For example, if you financed a Hootieville ZX through Holeinwall Bank, then the good people at Holeinwall are the lien holders on your financed vehicle. They have the right, where allowed by law, to sell their interest in your contract to another lender or interested third party, much the way mortgage companies sell home loans like they were hot cakes on a cold winter morning. In short, the lien holder is the person who owns control of the loan (and actually the vehicle) until you pay it off or it gets repo'd and sold.
what is the address for bank of america auto lender lien holder
A lien holder is someone who has a financial interest in a car. It could be the bank you financed it from, or someone else who the car owner owes money to. The car owner's name is on the title with the lien holder's name so that you can't sell the car without the lien holder signing the title...this means that you don't owe the lien holder any money on the car. The car is now 100% owned by the title owner.
An auto lien means that another person has a claim to the auto too. It is not owned outright. Auto liens are usually entered into when an auto purchase is financed through a bank or other creditor. These are mutual agreements made during the sale and the lien is entered in the county recorder's office for the record. If you wanted to sell the auto before fulfilling your loan agreement and having the lien discharged, then the 1st lien holder (usually the bank) has specific rights to any proceeds from the sale before anyone else, including yourself.
The Capital One auto finance lien holder address is:PO Box 255605 Sacramento, CA 95865
An assignee of a lien is the new lien holder.
No a lien holder can not file a claim against the insurance company as they are not the named insured, you are. Although if there is a lien on the vehicle the insurance payment for damages to your vehicle will be in your name and the lien holder name. They then might require that you fix the vehicle so they can protect their interest in the vehicle. each lien holder is different. CORRECTION: If the lien holder is named on the policy and the vehicle has been repossessed, the lienholder has a right to recovery under that policy.
If the car is still financed then that financier would be the lien holder. If you already hold title then you could technically be the lien holder and keep the title until the buyer pays it off but you would be held responsible for any registration related charges while it's still in your name.
You will have to get a new title showing yourself as lien holder
The lien holder would. A lien holder has a financial interest in the property
Look at the registration card. Just below the name of the title holder is "lienholder." If there is a name or company name there, then there is a lien on the car and the person will not have a pink slip. If the person has a pink slip, there is no lien on the car. There may be other reasons for a lien to be on a car, but the most common is that the car has been financed and the load has not yet been paid off.
If a debt has been paid off, the lien holder is required to release the lien. If the lien holder refuses, you will need to get a lawyer and take the case to court
I think you mean LIEN (not lian) holder. A lien holder is one (an individual or company) which holds the lien to a secured real or personal property.