What is a secured party required to send an owner when the lien is released electronically?
Statute 342.22(1)(b) states that the secured party shall deliver to the owner a notice stating that the release has been provided to the department. A letter on letterhead or a printed copy of the system generated confirmation that the lien was removed from Wisconsin DOT records are acceptable notices.
Related Questions
- The employees attorney has negotiated a settlement with the third party and says that he will send us our "lien" less 1/3 attorneys fees. Do I owe him attorneys fees?
- What must a secured party do if they receive a demand from a debtor for a termination statement on a spurious lien?
- How can a vehicle title be transferred to Montana if a secured party or lien holder is holding the title?