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However, the family member may still be subject to a title transfer fee. Signing Over a Car Title After Paying Off a Loan Once you make your final car payment, the lender will transfer the title ...
Transferring the ownership of your leased vehicle requires you to complete a car title transfer application form and submit it to your local DMV, along with all the necessary documents. In many ...
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 ...
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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 ...
The family purpose doctrine is "a court-created legal fiction that employs agency principles to impose vicarious liability on a head of the household for the negligent operation of a motor vehicle by a family member." [1] [2] [3] In a typical case involving the doctrine, the so-called "head of the household" has given their family members ...
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