A lien can be placed on your vehicle provided you account it as collateral on a loan.
Liens can be settle on the titles of vehicles that are used as collateral for loans or whether the owner of the vehicle owes a mechanic a momentous extent of method for repairs done to the vehivle or Motor lorry. The mind of a lien is that the owner of the vehicle can not sell or inspire rid of the vehicle until the lien is paid off. Whether the lien is not paid off, the lien-holder may conclusively be able to sell the vehicle to retrieve their cash, depending on the circumstances of the autochthonous Business agreement.
Instructions
1. Oomph to the Ohio Office of Engine Vehicles website. Download and print away design BMV 3774, which is titled as an Manipulate for Certificate of Label to a Engine Vehicle (see Resources).
2. Submit form 3774 to the Clerk of Court's title office that is located in the county in which you live, along with the vehicle owner's original title. Pay any required titling fees that may occur. As of 2011, the title lien notation costs $15. The lien-holder will be issued a new title to the vehicle, and the owner will be issued a memorandum title, which is a title that can be used for registration purposes but cannot be used to transfer ownership of the vehicle.
Fill out form 3774 with the information about the lien and lien holder included. Form 3774 must be filled out accurately in order to receive the lien recorded on the title.3.
