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    • Title Services
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    • Bonded Vehicle Title
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    • Flood Damaged Vehicles
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Loan Pay Offs and Vehicle Titles: What You Need to Know

Electronic Loan Title (ELT)

If your loan or lien was established on or after July 1, 2017, and your lienholder uses the ELT system, the process is straightforward. The lienholder will notify the DMV of the lien satisfaction, and no additional action is required from you. Ensure that your lender has your correct address, as the new title will be mailed to the party requested by the lienholder. There's no need to submit any paperwork to the DMV.

Paper Title

If your loan or lien was established before July 1, 2017, the bank or lienholder may have a paper title for your vehicle. In this case, they must sign the appropriate section of the vehicle title and deliver it to you when your loan is paid off. Importantly, lenders using paper titles do not notify the DMV of the payoff. If you do not receive a new title, the lienholder will continue to be listed in the DMV records.

Completing the Title

To complete the title transfer, you must fill out the "Lienholder To Be Recorded Section" on the back of the title. If the new Certificate of Title is to reflect a security interest in the vehicle, make sure to record the lienholder's name and address. There's no need to complete the odometer statement on the front; simply write "None" if there's no new lienholder to be recorded. Be cautious about any alterations or erasures on the title, as they can void a Nevada Certificate of Title.

No Title

If your lienholder does not have the title and it's not an ELT document, they may complete and notarize a Lien Release form and send it to you. In this case, you'll need to complete an Application for Duplicate Title and submit both to the DMV as outlined above.


Remember that these procedures are specific to Nevada, and if your vehicle was last titled in another state, you'll need to obtain a duplicate title from that state.

Lease Buyouts

If you're purchasing a vehicle you've been leasing, a Nevada dealer or lienholder will collect sales tax and the title fee due on the sale. The dealer will submit the title and a Dealers Report of Sale (DRS) to the DMV, and a paper title will be mailed to the registered owner if there's no new lienholder. Out-of-state dealers should provide you with the title or a Bill of Sale, which you can bring to a DMV office for processing.

Registration

If your vehicle is not due for renewal, you don't need to worry about registration renewal or emissions inspection when completing a lease buyout. However, it's essential to have a registration issued in your name. Nevada dealerships are authorized to collect a $5.00 duplicate registration fee. You'll receive the new registration separately from the title.

In case the dealer does not collect the $5.00 fee, and you need a corrected registration, bring your receipts and other paperwork to a DMV office or follow the mail-in instructions provided.

Mechanics/Storage Liens

Please note that individuals or businesses cannot simply place a lien on a vehicle. Only licensed garages, tow companies, or storage businesses with a signed work order, property release, or contract can sell a vehicle through a lien sale. This process involves owner notification and a public auction. Private landowners or property management companies must contact local law enforcement and/or towing services for the removal of abandoned vehicles.


For specific information and forms related to these processes, you can refer to the Nevada DMV website.

Note: This information is accurate as of the publication date and is subject to change. Always consu

Note: This information is accurate as of the publication date and is subject to change. Always consu

Note: This information is accurate as of the publication date and is subject to change. Always consu

Note: This information is accurate as of the publication date and is subject to change. Always consu

Note: This information is accurate as of the publication date and is subject to change. Always consu

Note: This information is accurate as of the publication date and is subject to change. Always consu

Copyright © 2022 Speedy DMV Services - All Rights Reserved.

Speedy DMV Services reserve its rights to determine operations hours, and opening/closing times even if the hours do not meet the operation hours set and posted. 


Please be aware that, at times, not all the services advertised may be available. We reserve the right to determine the services we provide and to refuse service to anyone, with or without reason. Additionally, it is essential to note that we must adhere to the policies and requirements of the DMV. We advertise services in collaboration with the Nevada DMV. If a client requires services in a different state, it is imperative that they clearly specify this to our team; otherwise, our team will assume that the client is requesting services with the Nevada Department of Motor Vehicles. 


All the information contained on this website is not intended as legal advice, and we are not responsible for the accuracy of the information. This website may not be updated daily, and DMV requirements, form revisions, and policies could change frequently. 

For clarification or the most up-to-date information, please call our team.

702.979.7202


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4525 S Sandhill Rd Ste 103, Las Vegas, NV, 89121

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