Legal Question in Credit and Debt Law in Virginia
VA DMV sent me a title to a car I purchased in August 2013 with no lein holder. I thought it was odd, but didn't pay any attention to it. I have made three payment so far and will continue to make the payment. Today Chuck Powers from Toyota called as asked if I had the title, and if so, could I please return it.
I realize I have to pay off the loan, but do I have to legally return the title?
Asked on 1/15/14, 1:06 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Yes, return it to the seller so they can properly record their lien through the DMV which will then reissue a title reflecting this update. (What you have
now although you may not realize it is what the law terms a "cloud" on the title.)
Answered on 1/15/14, 2:41 pm