How long does a lienholder have to release their lienafter the loan has been satisfied?
As of January 1, 2007, KSA 8-1, 157 Satisfaction of lien on vehicle; requirements for release; penalties, rules and regulations became effective. This statute sets requirements for lienholders with regard to the length of time in which the lien release must be delivered. The statute is available by following this link: http://www.kslegislature.org/legsrvstatutes/getStatute.do?number=1406.
Related Questions
- HSBC did not accept the loan application and our dealership placed HSBC as the lienholder. How can the dealership get a lien release?
- Has the Insured Satisfied the Remaining Coverage Elements under Insuring Agreement A for Subprime Loan Loss Claims?
- Will a lienholder ever send the title before the loan is paid off?