In Michigan you staple that letter to your car title to prove that there is no secured lender. The name of the credit union is printed on the front as a secured lender till you pay it off. If you don’t have the letter when you sell it slows everything done as you have to get the proof from the credit union again.
National_Tourist7679 t1_j6pbjwo wrote
Reply to Paid my car loan off last year, was there something I was supposed to do after? by GoddessOracle
In Michigan you staple that letter to your car title to prove that there is no secured lender. The name of the credit union is printed on the front as a secured lender till you pay it off. If you don’t have the letter when you sell it slows everything done as you have to get the proof from the credit union again.