12/19/2023 0 Comments Duplicate title form nyIt is upto you to ensure that.DCU can always sqeeze your nuts by calling you and threatening to call the loan back. They do this all the time so they know what to put in document.ĭCU on the other hand would not or cannot add themselves as a lien holder. Lien release letter is a notarized letter on lending company letterhead and an official looking document. The first lien holder has no standard way to validate who the next lienholder is AFAIK. They loaned you money, they got paid back and no longet had lien on property so they shall attest that. In reality the first lien holder would perhaps never agree to add someone else as next lien holder as that is not any of their business. Least work for them is to thow lien release letter at you. Whether they co operate with you to file for dcu as lien holder is completely upto first lien holder.as they got paid they got no dog in fight and want to do least amount of work. The first lien holder got paid so they either shall send you paper title back and/or issue you a lien release letter. I know the paper based title process and not sure about electronic title process. I'll call them to see if they can give me some answers. I don't know what documents needed to do these transactions. I need to remove the old lender/TD and add the new lender at the same time. My situation is a little different form yours. The i decided never to finance with dcu and never to buy from that dealer again. Took it to dmv and filed a lien release then got a duplicate title issued. I cut a check a dcu for the remainder amount. Dmv says they sent title to dcu.Īnother month goes by and dcu calls me saying they do not have title and would recall the loan if no title in one month. Dcu still calling me saying they do not have title. The dmv says they shall send it to dcu directly. Finally I went to dmv, got a duplicate title issued and added dcu as the lienholder. Dealer says they filed with dmv and there is nothing further they shall do.ĭcu keeps calling me. Dcu starts calling me saying they do not have title and if they do not get the title in one month, dcu shall recall the loan. The manager there said they shall do it.Ģ months go by. I went to dealer and when I saw the title, i asked the dealer to file the lienholder name. Dealer called me and told me to collect the title. Gave clear instructions for the dealer to make dcu the lienholder. I got preapproved check from dcu and paid the dealer. I had something like this a few years ago in new jersey.
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