Legal Question in Credit and Debt Law in Florida

Re: lien on car

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More information is needed in order to provide any useful answer. In Florida the first $1,000.00 dollar in equity on a car is exempt from creditors. If the car is worth $1,000.00 or less, than there is no risk in putting it in your name. If it is worth more, than a creditor can levy on the car to satisfy a judgment.

If monies are owed to Mom, she can transfer the title to you but retain a lien for any monies that are owed to her. That way, she will have a secured interest prior to that of any other creditor should it ever become an issue. You should consult with an attorney to help you structure this properly.

Scott R. Jay, Esq.