Submitted by GoddessOracle t3_10q3xw5 in personalfinance
GoddessOracle OP t1_j6noito wrote
Reply to comment by thresher97024 in Paid my car loan off last year, was there something I was supposed to do after? by GoddessOracle
Oh geez ok, didnt know that. I googled it & it said that MI is a non title holding state so I just assumed all was good. Is the DMV basically like the SOS?
Individual-Fail4709 t1_j6nytt2 wrote
And make sure you take a copy of your registration AND the letter from the bank saying it is paid off. They require it to get the title in your name only.
Lily_Of_The_Valley_6 t1_j6np0sk wrote
Yes, in MI it’s the SOS.
GoddessOracle OP t1_j6np44b wrote
I thought so, thank ya!
frzn_dad t1_j6p5vbf wrote
Where I am the bank does it, got my title about 3-4 weeks after paying off the loan.
OwariRevenant t1_j6pj6kp wrote
My MIL sold a car a few years ago, in Michigan. The vehicle was fully paid off, but the title she had still had the lienholder on it. You definitely should get a new title with the lienholder removed.
Yes, the SOS is the same as the DMV in Michigan.
thresher97024 t1_j6np266 wrote
DMV = department of motor vehicles in my state (Oregon). Not sure what SOS is. That said, you can call your local office and they will tell Jo if a transfer is necessary as well as what the costs may be.
corp-mm t1_j6ns5vj wrote
Secretary of State. It's MI's equivalent of the DMV.
[deleted] t1_j6nveh8 wrote
[deleted]
NewBayRoad t1_j6optid wrote
Usually there is no rush. I clipped the letter to the title and stuck it in the safe. You will need the lein removed before you can do anything with the car though.
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