How do you put a lien on a car?


A car lien is a document given legal authority that confirms a claim that the holder of the lien has upon a specifically identified vehicle. They are a by-product of 'contract law' which protect the right of individuals and companies.
1 Additional Answer
A lien on a car is a legal document stating that bank has a right to repossess a car if a lender does not pay as planned. It is usually done for vehicles that are purchased using loan money and serves the purpose of protecting the lender in case of default. In addition, a vehicle with a lien cannot be sold unless the loan amount has been cleared.
Explore this Topic
When you borrow money from a bank to buy a car and you do not pay off the loan, the bank may place a title lien on the vehicle. This ultimately names the bank ...
To know if a car has a lien against it you will need to visit the Department of Motor Vehicles. You will need to provide the VIN number of the vehicle so it can ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014