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No, because they don't own it. You do.
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∙ 12y ago
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Can bank hold on to your car title as collateral on a bank credit card went the car loan was paid off prior to bankruptcy?
The bank should not have your car title if it is paid off. If you declared bankruptcy and it was discharged, your bank credit card account should be dismissed.
When a car is paid off can you refinance your car again?
The only bank I know of that allows you to do that is DCU which is a Massachusetts bank. So I know it can be done.
How do you get your car title from Bank of America?
The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.
Bought a car out of state but loan is with your bank Who receives the title?
The bank receives the title until the loan is paid. If the loan is paid off then you receive the title.
Can a bank hold a title on a paid off auto loan because there is another older loan that is collections on another vehicle in Utah?
I have a car that is paid off. The bank is holding the tittle for colletaral for another car loan that was repo. Is this legal?
You won a car and the lien was never paid off by the company can the bank repo it?
Unfortunately, it doesn't seem as though you really won a car. The lien just means that the bank has interest in the vehicle until the note is paid. Yes, they can repo the car if the not isn't paid.
Who has a lien on your car?
If you took out a loan from the bank to buy your car, they have a lien on it. For all intents and purposes, they own the car until you have it paid off.
How do you sell a upside down car?
If you mean you still owe money on the car you don't sell it unless you can take the money and pay off the loan. The bank really owns your car and the pink slip, so if you sell it without the loan getting paid you still owe the money to the bank.
What if the bank sells your repossessed car for more than you owe?
your auto loan gets paid off and whatever is left over goes to the bank
Who sends me the car title?
If you had a loan the bank holds the pink slip until paid off. Otherwise the DMV has it.
How would you obtain a new title for a recently purchased vehicle?
If the car is paid off, you can probably get the title at the Department of Motor Vehicles. If the car is not paid off, the bank that holds your loan holds the title until the loan is satisfied.
What does the FL DMV do with the title for my paid in full car?
When you pay off a car the Title should be issued directly to you. Unless the bank sent it to The DMV to get their name off of it. Then it will go to you.
