How to get rid of Lien on motor cycle UVIP package

sid_for_speed

sid_for_speed

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So it is time to sell the bike and move on to a bigger one as usual..

I called the bank and paid off the loan in full 2 months ago..

I decide to get a UVIP package for the bike but when it did come in , it shows a Lien on it from the same bank..

Is there a way to contact some one regarding this?? My ears are still ringing from an hour's worth of MIDI music played by Service Ontario since they've put me on hold...

please HALP!
 
IIRC you might have to hassle the bank to actually put the paperwork through to clear it. Someone here has experience with this... johnscruiser?
 
x3 call the bank - it's their responsibility and they shouldn't be taking 2+ months to do it. I'd politely tell the manager they can pay for your new UVIP as well showing the lien cleared as that one will be useless..anyone who sees it is going to think they're getting scammed.
 
Just go to the bank and ask for a release of interest that comfirms payment in full, and eventually the lien will be cleared from the MTO. I am speaking from experience.
 
sempre1 said:
Just go to the bank and ask for a release of interest that comfirms payment in full, and eventually the lien will be cleared from the MTO. I am speaking from experience.
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Problem is he won't be able to sell it until it's cleared. "Eventually" is hard to swallow when you're sitting on a bike you want to unload and you're missing the prime selling season waiting for the bank to do something they should have taken care of long ago.

I'd be speaking to the bank manager for sure, Rather sternly at that.
 
PrivatePilot said:
Problem is he won't be able to sell it until it's cleared. "Eventually" is hard to swallow when you're sitting on a bike you want to unload and you're missing the prime selling season waiting for the bank to do something they should have taken care of long ago.

I'd be speaking to the bank manager for sure, Rather sternly at that.
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False. You can register a bike with a lein. But make sure as a buyer the bike is paid, like the other poster said with a letter from the bank stating they have no interest in said bike.

I sold my wife's civic with a lein. The buyer came with me to the bank to pay off the remaining balance. We got a letter faxed from Honda finance stating the loan is paid but obviously uvip still had a lein on it.

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OK, fair enough, you can technically sell a vehicle with a lien, but with all the scammers and such out there now the majority of buyers are going to see that lien on the UVIP and turn around a walk away...especially when the sellers says "oh yeah, I paid that off 2 months ago". Despite it being the truth, many will say "oh, suuuure you did" and move on.

There was a thread not long ago here that dealt with this exact situation, someone trying to sell a bike with a lien still on it. Everyone said "run away!" more or less.
 
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As the seller, there isn't much you can do to get that lien removed from the UVIP. Get the letter from your bank.

The buyer should conduct his own due diligence - call the bank and verify that the information in the letter is correct. Do it in person, with the seller present.

Done deal.
 
...AND...I have another prob then...Which bank should I go to?? I paid off the bike electronically via telebanking...and I got a reference # at tht confirming it's cleared...I do not get charged on it every month...I'm going to try calling them and see. It's national bank..so I assume I can't just walk in to any one of them and start mouthing them off! Often loans of vehicles are given by banks that are not even in the same province! My car's being financed from Scotia.. the lending bank is in Alberta!
 
You should have been mailed discharge papers for the loan when cleared. You should be able to go any branch of National Bank if they held the title and have a notice of discharge printed, go to the customer service desk not a teller.

Even with letter in hand some potential buyers may wish to verify that the loan has been cleared, since it still appears on the UVIP. I would.
 
sempre1 said:
Just go to the bank and ask for a release of interest that comfirms payment in full, and eventually the lien will be cleared from the MTO. I am speaking from experience.
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This ^^^^

I had this with a vehicle I traded in a few months ago, was told it is not paid off, however it was, and it was over 8 months ago, I got the letter emailed to me from the financial institution, this I emailed to the dealer, and all was well....
 
Buying a used van a while back the owner advised me that there was a bank loan on it and the bank was aware of him having it up for sale. I called the bank and the manager confirmed he was aware of the pending sale. He said if I was worried I could make the cheque out to both the seller and the bank. The cheque therefore has to go through the bank and they keep their share.

And yes banks aren't fast off the line with clearing paperwork.
 
Its been a while since I worked in credit but at one time a financial institution had a time limit in which they had to file a discharge of lien with the ppsa or they could be fined talk to your bank a lien can now be discharged electronically
and shows up right away if there is still a time period and it has expired ask the bank to pay for a new package
 
Get a letter from the bank or whoever issued the loan....I just got such letter with my VIN, and name/address on the letter stating all loans have been paid in full, I got it in mail in 2-3 days of making the call after my loan was paid. Keep that and use that, don't worry about the MTO info (it will clear eventually). You can ask the buyer to call loan lending party to verify status of the loan.
 
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If you get a loan to buy a vehicle, the lien is placed on it in a few days.
Two months to have it removed after payment strikes me as ridiculous.
Some have pointed out that you can still buy a vehicle with a lien on it.
Essentially you are purchasing a vehicle that doesn't have a clear title.
As this one of the main issues on this forum and possibly the most popular, is this really something you want to do?
 
We I sold a bike last year that had a loan on it I paid off the loan, the bank sent me the right info and off went the bike. The new owner had no problems and the lien came off the records about a month later.
 
Companies typically wait a couple weeks to remove the lien but other than that are legally required to remove a lien in a timely manner. As others have said, call the bank and ask to speak with someone to deal with this. Since liens are placed/removed electronically it should be done fairly quickly but at the same time ask for something in writing to confirm the payoff date of the loan and the date the lien is removed. Once removed you should also receive written confirmation.
 
samurai said:
Get a letter from the bank or whoever issued the loan....I just got such letter with my VIN, and name/address on the letter stating all loans have been paid in full, I got it in mail in 2-3 days of making the call after my loan was paid. Keep that and use that, don't worry about the MTO info (it will clear eventually). You can ask the buyer to call loan lending party to verify status of the loan.
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The "Here's a letter from the bank saying the lien is cleared, just disregard that UVIP thing, trust me!" routine has surely been played out by scammers before as well. Letters are easily faked.

Personally if there's a lien showing on the UVIP there's about an 80% chance I'm walking, as would many other savvy buyers. If it's an exceptionally good deal and worth the effort I might be bothered to go to the bank with the owner to be shown proof (in person) of the balance owing being zero and the lien still showing as a legit delay issue.

In the end it does constitute a lot of hassle and effort on behalf of a potential buyer – if it's not a great deal or there are others to choose from I might suggest many people would just go elsewhere vs accept the risk of buying a vehicle with an encumbered title.
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