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For example, a Texas title fee also requires a vehicle inspection fee. A California title fee differs depending on whether you buy an in- or out-of-state vehicle.
In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan. Car title loans frequently involve high interest rates, a short time to repay the loan (often 30 days), and a loan amount less than the car's monetary worth. The borrower also risks losing the ...
Verify the name: The name on the car title should be the same as that of the person selling the car. If there are two names on the title, it may be necessary for both individuals to sign for the ...
In 2010, Texas Department of Public Safety (DPS) Trooper Mark DeArza, 39, of Houston, and DPS clerk Lidia Gutierrez, 37, of Galena Park, Texas, were convicted of conspiring to sell Texas driver's licenses to unqualified applicants for a fee after pleading guilty to the charge before United States District Judge Gray Miller. [11]
For example, in Ohio, a vehicle owner who wishes to sell a car that has an ELT must first have the lien released by paying the lienholder the remaining amount owed on the lien. The lienholder then releases their lien electronically which allows the customer to pick up the title directly from the Ohio BMV on the following business day. Some ...
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The original "pink slip" (or a replacement issued by the DMV, if the original is lost) is needed to transfer ownership of the vehicle, like during a sale. [10] The color pink was chosen to draw car owners' attention to it, to help prevent the document from being discarded with other non-essential paperwork. [10]
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