Guide to Submitting a Refinance Deal with Lost Title and Lien Holder Change

When you need to submit a refinance deal involving a lost title and changing the lien holder, it is essential to follow specific steps for smooth processing. This guide will help you navigate through the necessary procedures.

Step 1: Contact Current Lienholder

Your first action should be to contact the current legal owner or lienholder of the vehicle. Since your title is recorded electronically (paperless), they must release it electronically as well. If you are an Electronic Lien and Title (ELT) holder, ensure that your ELT number is ready for this process.

Step 2: Consult Your Local DMV

Reach out to your local Department of Motor Vehicles (DMV) for guidance on submitting the refinance deal. They can provide specific instructions based on their procedures regarding electronic titles and transfers. Utilize any resources or contact information available on their website for further assistance.

Important Note:

• Follow all steps carefully to ensure efficient processing of paperwork.

Submitting a Straight Refinance Deal with Out-of-State NV Title

If you're dealing with an out-of-state Nevada title, only provide that title when submitting your refinance deal. The VIN verification and lien release form are unnecessary since the vehicle is already registered as goldenrod. Ensure you include all required documentation related to the lienholder listed in your records.

Lien Holder Change Requirements

A sub plate is required for transactions involving changes in lien holders due to legal ownership transfer; this must be sent directly to the field office for processing.

Cancellations and Corrections:

If you've cleared a deal but need corrections regarding an incorrect lien holder, unfortunately, cancellation isn't possible at this stage. However, continue by submitting documents as usual while requesting a new title from the incorrect lien holder along with a statement of facts referencing bundle# directed towards Attn: corrections dept.

If Funding Issues Arise:

If there were funding issues where the previous title's lien holder did not fund correctly, consult your local DMV or Vehicle Services department for detailed instructions on filling out necessary sections on titles during such situations.

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