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Advise the notary that you will need to have a lien placed on the vehicle.
How to put a lien on car title. Unless you have access to the personal property registry because you a lender or various other reasons you will require a court ordered judgme. To put a lien on a car follow specific steps. The actual process depends highly on your jurisdiction however the principle remains the same across. A car lien will remain on the title until you repay the debt.
Dont be nervous about the word lien as even though people think it has a negative connotation it merely means that you owe someone money and they can take over that piece of property if you fail to live up to the terms of the title loan with lien contract. Once you accept the terms of your loan a lien is put on the vehicle and the title is transferred to the lender. If you are applying for a car financing or car title loan a lien will be placed on your car title just to form a kind of security the lender can hold on to in case you decide not to pay or delay payment. The title of the car will be held by the holder until the debt is paid in full.
Go to your local notary public for the title transfer both parties need to bring prof of identification. When placing a lien on a car notify the titleholder. If purchasing through a dealer the dealer will file a lien on your behalf. The lender will issue a lien release after you make your final payment.
When putting lien on a car consider the regulations and laws that exist in your state. If you already have the title and need to add a lien you need to follow the lien filing guidelines issued by your state. What is a lien on a car title. There is a fee for this service in pennsylvania it is 500.
