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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 ...
Prior to July 1, 2019, plates belonged to the car, not the owner. As a result of lost turnpike toll revenue and law enforcement having trouble tracking vehicle owners, the law was changed, meaning plates now belong to vehicle owners and can be transferred from a previous vehicle to a new vehicle. [1]
In the District of Columbia, which is not part of any state, the DMV (formerly the Bureau of Motor Vehicle Services) is part of the city government. In Virginia , the Department of Motor Vehicles handles both driver licensing and vehicle registration, while the Virginia State Police and the Department of Environmental Quality administer safety ...
Know the title transfer deadline: After you buy out your lease, you have to transfer the vehicle title to yourself within a certain period. The deadline typically ranges from 10 to 30 days ...
In 1983, Oklahoma police impounded a car with Sac and Fox plates that Carter's father was traveling in. State officials claimed Oklahoma was owed taxes on the vehicle. The dispute escalated to the ...
A car title loan, or “pink slip loan,” allows you to borrow anywhere from 25 percent to 50 percent of the value of your vehicle in exchange for giving the lender the title to your vehicle as ...
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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 ...