What is the process for refinancing a vehicle when the title that is being held in electronic format?
• For Vehicles with 26,000 pound GVWR OR Less (Autos, Light Trucks, Motorcycles, Motorized Bicycles, Trailers) As of July 1, 2007, vehicles with a gross vehicle weight rating (GVWR) of 26,000 pounds or less can only have one lien recorded on the vehicle’s record at the Division of Vehicles. The division cannot take or accept an application to add a second lien holder for vehicles with a GVWR of 26,000 pounds or less. If the vehicle is being refinanced, the existing lien holder recorded on the vehicle’s record will have to release their lien. Since the vehicle is currently titled in the owner’s name, a secured title application is the process used to “refinance” the vehicle. The lien holder that is refinancing the vehicle must make the application for secured title in the county treasurer’s motor vehicle office. There is a title fee for this transaction. The following documentation will be required: • Completed and signed Application for Duplicate/Secured/Reissue Title, form TR-720B, or
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