Lien Release After 20 Years

Summary

Lenders should release the lien once the debt is paid. If theres proof of payment (e.G., receipt, bank statement), it may help dispute the lien. A communication from TD Auto expressing disinterest in the vehicle might help, but its not a guaranteed solution. Consider consulting with a local attorney for advice tailored to your situation.

Full Conversation

My grandmother bought a car from chrysler and financed through chrysler in *. The car was paid off by *, and now 20 years later the car is totalled and Chrysler still has a lien on the car but the car has been paid off. Chrysler financial was paid out by TD Bank in * and now claims that they cant go back 20 years ago to confirm the payment was satisfied to release the Title. TD Auto said that they will send a letter stating that they are no longer interested in the vehicle, to get the Title released. Is that right? can they do that, without the proper documentation stating that the car was paid off 20 years ago because this was an error on Chrysler part for not updating the sytem after the car was paid off. a 20 year Lien is crazy
Hello ****, this seems like a complex situation. While I can't provide specific legal advice, I can tell you that generally:
- Lenders should release the lien once the debt is paid.
- If there's proof of payment (e.g., receipt, bank statement), it may help dispute the lien.
- A communication from TD Auto expressing disinterest in the vehicle might help, but it's not a guaranteed solution.
Consider consulting with a local attorney for advice tailored to your situation.