Thread: The new toy...
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Old Aug 9, 2006 | 10:42 AM
  #26  
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Default Re: The new toy...

Originally Posted by JDM74
The title still says that the original owner had a lein against the bike from where he bought it. Since that loan is paid off and he hasn't got a new title for it, he needs the lien release form so he can get a new title in his name.
That doesn't make any sense.

If you have a lien against something you bought; meaning a bank loaned you money to buy said item (like a car or motorcycle) you don't ever see the title until you pay off the debt. Then you get a free and clear title.


I can't see how you would get a hold of the title (or the bank would let you get a hold of it) when you still owed money on it.