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  2. Vehicle title - Wikipedia

    en.wikipedia.org/wiki/Vehicle_title

    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 ...

  3. Electronic lien and title - Wikipedia

    en.wikipedia.org/wiki/Electronic_Lien_and_Title

    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 ...

  4. Title loan - Wikipedia

    en.wikipedia.org/wiki/Title_loan

    A title loan (also known as a car title loan) is a type of secured loan where borrowers can use their vehicle title as collateral. [1] Borrowers who get title loans must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title, in exchange for a loan amount. [2]

  5. How do title loans work, and are they ever worth the risk? - AOL

    www.aol.com/finance/title-loans-ever-worth-risk...

    Car title loans come in a couple of different varieties. Some are single-payment loans, meaning the borrower must pay the full amount of the loan plus the interest rate fee within a month or so ...

  6. Mechanic's lien - Wikipedia

    en.wikipedia.org/wiki/Mechanic's_lien

    If the vehicle is towed by a public agency or private towing company, the lien arises when the vehicle is towed or transported. The lien may be satisfied by selling the vehicle through the lien sale process. To conduct a lien sale, the person/lienholder must have possession of the vehicle and may require lien sale authorization from the State's ...

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