To obtain a release of lien on a Boat, Outboard Motor or Personal
Watercraft please provide us with the following required
It is highly suggested you also provide the
following document, if available:
A copy of the Title or Non-Negotiable
Title for the craft that you are requesting to be released.
The copy must be readable and clearly show the Owner's
Name, Lien holder's Name, the Identification Number, the Title Number,
Year, and the Make and Model.
- If the Title or Non-Negotiable Title has been
lost or is unavailable, you will have to request a printout from
the State containing the title information, and forward it to us.
This printout is sometimes called a Inquiry Report, Title Report
or a TWIX. Depending on the State in which you live, you may
have to go to the Department of Parks and Wildlife, Department of
Motor Vehicles, Department of Public Safety, or the local Tax
Office for this printout and there may be a small fee for it.
Please note that a registration certificate is not the same as a
title report and is not acceptable.
- If the boat is classified as an "Ocean
Vessel" you will have to obtain a title report from the Coast
Guard and forward it to us.
- Due to the Privacy Act of 1974, the FDIC will not accept a copy of the borrower’s credit report as proof of payoff. PLEASE DO NOT INCLUDE ANY SOCIAL SECURITY NUMBERS WHEN SUBMITTING YOUR REQUEST.
A request for a Release of Lien must be made in writing.
Proof that the loan was paid in full. Proof of
Payoff may include such things as a copy of a "PAID"
Note, copies of payment checks, or anything else that would
indicate payment. This will greatly reduce the amount of research
time and expedite our handling of your request.
Mail, email or fax your request with the required documentation
to the appropriate DRR
Customer Service Center.
Please do not do both. Hard to read documents should be mailed or sent overnight, rather than
faxed. Unreadable documents cannot be processed. To avoid any duplication,
please submit your request only once.
Be sure to include your address and phone number with your written request.
Please allow 20 business days for the completion of your request.
If you have any questions you may call the appropriate DRR
Customer Service Center toll-free. A Customer Service Representative will
be happy to answer your questions, OR, refer to our Frequently
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