the vehicle is paid in full and the title is in my name
2006-11-21 09:58:16 · 3 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
No. If you have paid it off, ask the lender for a lien release so you can get a clear title. If it still has a surety bond, it is not in your name, the legal name section will name the lender as owner of the vehicle, you are merely the registered owner allowed to drive it while you pay for it.
2006-11-21 10:09:48 · answer #1 · answered by oklatom 7 · 0⤊ 0⤋
If you paid for the vehicle in full, the surety bond may be left over from the time of the sale. You would have to go back to the lender and get that straightened out. It's fairly routine.
Take a look at link below to give you the wide range of uses to which a surety bond is put. One possibility: Someone may have signed for you to assure the lender if you don't pay, s/he will.
2006-11-21 18:08:04 · answer #2 · answered by jackbutler5555 5 · 0⤊ 0⤋
if it has a surety bond on it then it's not a clear title...paid for or not. A clear title has no leans or incumberances. Period.
2006-11-21 18:01:23 · answer #3 · answered by Kenneth S 5 · 0⤊ 0⤋