What is a lien release?
A lien release or “Notice of Security Interest Filing” is a financial statement of release that shows that the vehicle in question is indeed paid off and does not have any current financial liabilities against it. Once you decide to finance a vehicle, a lien is then placed against it and then the financing company becomes the “secured party” (which means that they have current financial interest in the vehicle). Once the vehicle is paid off, the lien will be released.
