The Alabama Mvt 5 63 form is an application used for lien release in the state of Alabama. This form must be completed by the lienholder and submitted along with the vehicle's title or a request for a replacement title. Proper completion and submission are essential to ensure the release of the lien is processed correctly.
The Alabama Mvt 5 63 form serves as a crucial document for those looking to release a lien on a motor vehicle or manufactured home. This application must be completed by the lienholder and is necessary for vehicles currently titled in Alabama. To ensure a smooth process, the form requires the lienholder to provide essential details, including the names and addresses of all lienholders, the lien dates, and the vehicle or manufactured home identification numbers. Each vehicle's information must comply with federal anti-theft standards, particularly for models from 1981 onward, which mandates a 17-digit VIN. Additionally, the form includes sections for owner information, ensuring that the lienholder’s records match the current title holder. The lien release section must be signed by an authorized representative of the lienholder, affirming the accuracy of the information provided. Notably, the form must be notarized, adding a layer of verification to the process. Importantly, no fee is required to submit the Mvt 5 63 form, making it accessible for individuals seeking to clear their titles efficiently.
ALABAMA DEPARTMENT OF REVENUE
MOTOR VEHICLE DIVISION
MVT 5-63 2/13
TITLE SECTION
P.O. Box 327640 • Montgomery, AL 36132-7640 • titles@revenue.alabama.gov
www.revenue.alabama.gov/motorvehicle/forms.html
Application For Lien Release
VEHICLE MUST BE CURRENTLY TITLED IN THE STATE OF ALABAMA
This form must be completed by the lienholder, accompanied by the certificate of title or
application for replacement certificate of title, and mailed to the address listed above.
LIEN INFORMATION – FELONY OFFENSE FOR FAILURE TO NAME LIENHOLDER WITH INTENT TO DEFRAUD
NAME OF FIRST LIENHOLDER
MAILING ADDRESS
LIEN DATE (MM/DD/YY)
CITY
STATE
ZIP
NAME OF SECOND LIENHOLDER
VEHICLE / MANUFACTURED HOME IDENTIFICATION NUMBER
– All VINs for 1981 and subsequent year model vehicles that conform to federal anti-theft standards are required to have 17 digits/characters.
MAKE: __________ YEAR: ________ MODEL: ___________
VEHICLE OR MANUFACTURED HOME IDENTIFICATION NUMBER
COMPLETE ONLY IF MULTIPLE SECTIONS
MANUFACTURED HOME IDENTIFICATION NUMBER
OWNER INFORMATION – The name of the owner(s) with whom the lienholder held a security agreement. FELONY OFFENSE FOR FALSE ADDRESS.
NAME(S) (LAST NAME, FIRST, MIDDLE)
CURRENT MAILING ADDRESS
LIEN RELEASE INFORMATION
DATE OF LIEN RELEASE: ______________________________
SIGNATURES
The lien recorded on the original certificate of title is hereby released. The lienholder hereby certifies that the above information is true and correct and the lienholder is aware that a false statement made on this document, with intent to defraud, is a criminal offense under the Alabama Uniform Certificate of Title and Antitheft Law as codified in Title 32, Chapter 8, CODE OF ALABAMA 1975.
_______________________________________________________
SIGNATURE OF AUTHORIZED REPRESENTATIVE
Sworn to and
subscribed before me, ________________________________________
NAME OF NOTARY PUBLIC – MUST BE TYPED OR PRINTED
this ______ day of _________________, _______
Notary Public Signature: ________________________________________
NOTE: NO FEE IS REQUIRED TO BE SUBMITTED WITH THIS FORM.
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The Alabama Mvt 5 63 form, used for lien release, shares similarities with the UCC-3 form. The UCC-3 is filed to amend or terminate a financing statement, which records a secured party's interest in a debtor's assets. Both documents require accurate information about the lienholder and the property involved. They serve to officially communicate changes in the status of a lien, ensuring that public records reflect the current state of ownership and debt obligations.
Another document similar to the Mvt 5 63 is the Notice of Lien form. This form is used to inform interested parties that a lien has been placed on a property or vehicle. Like the Mvt 5 63, it includes details about the lienholder and the property in question. Both documents are crucial for maintaining transparency in property ownership and securing the interests of creditors.
The Title Application form also resembles the Mvt 5 63. While the Title Application is primarily used to obtain a new title, it often includes information about existing liens. Both forms require the lienholder’s details and are essential for ensuring that all financial interests in a vehicle are recorded accurately. They help prevent disputes over ownership and lien priority.
The Bill of Sale is another relevant document. This document serves as proof of transfer of ownership from one party to another and may include information about any existing liens. Like the Mvt 5 63, the Bill of Sale can clarify the status of a vehicle's title and any encumbrances, which is vital for both buyers and sellers to understand their rights and obligations.
The Release of Lien form is directly related to the Mvt 5 63. This form is specifically designed to formally release a lien on a property or vehicle once the debt has been satisfied. Both documents ensure that the lienholder's interest is removed from public records, allowing for clear ownership transfer and preventing future claims against the property.
The Affidavit of Lien form also shares similarities. This document is used to establish a lien on a property and often requires notarization. Both the Affidavit of Lien and the Mvt 5 63 must be accurately completed to avoid legal issues. They both serve as official records of financial interests in a property, protecting the rights of the lienholder and ensuring that all parties are aware of existing claims.
The Security Agreement is another document that complements the Mvt 5 63. This agreement outlines the terms under which a lien is established on a property or vehicle. Both documents require detailed information about the lienholder and the property. They work together to define the rights and responsibilities of both parties in a secured transaction.
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The VIN Verification form is also relevant. This form is used to verify the Vehicle Identification Number, ensuring that the vehicle in question is accurately identified. Both the Mvt 5 63 and the VIN Verification form play critical roles in the titling process, helping to confirm that all information is correct and that there are no outstanding liens on the vehicle.
The Bankruptcy Petition can also be compared to the Mvt 5 63. When a debtor files for bankruptcy, it may affect existing liens on their property. Both documents are crucial in determining the status of a lien and the rights of creditors. They help clarify the financial obligations of the debtor and the protections available to the lienholder.
Lastly, the Certificate of Title itself is a fundamental document related to the Mvt 5 63. The Certificate of Title serves as proof of ownership and includes information about any liens. Both documents are essential for establishing and releasing claims on a vehicle, ensuring that ownership is clear and legally recognized.
Here are some key takeaways about filling out and using the Alabama MVT 5 63 form:
What is the Alabama Mvt 5 63 form?
The Alabama Mvt 5 63 form is an application for lien release. It is specifically designed for lienholders to formally release their claim on a vehicle or manufactured home that is currently titled in Alabama. This form ensures that the vehicle's title reflects the removal of the lien, allowing the owner to have clear ownership.
Who needs to complete the Mvt 5 63 form?
The form must be completed by the lienholder, which is typically the financial institution or individual that provided a loan secured by the vehicle or manufactured home. It is important that the lienholder accurately fills out the form to avoid any legal complications.
What information is required on the form?
Is there a fee associated with submitting the Mvt 5 63 form?
No fee is required when submitting the Alabama Mvt 5 63 form. This makes it more accessible for lienholders to release their claims without additional financial burden.
What happens if the lienholder fails to complete the form correctly?
Failure to complete the form accurately can lead to legal consequences. The lienholder could face charges for making false statements with intent to defraud. It is crucial to double-check all information before submission to ensure compliance with Alabama law.
What should be done after completing the form?
Once the form is completed, it should be mailed to the Alabama Department of Revenue, Motor Vehicle Division, at the address provided on the form. Additionally, the lienholder must include the certificate of title or an application for a replacement certificate of title.
Do I need a notary for the Mvt 5 63 form?
Yes, the signature of the authorized representative of the lienholder must be sworn to and subscribed before a notary public. This adds an extra layer of verification to the document, ensuring its legitimacy.
How can I obtain the Mvt 5 63 form?
The Mvt 5 63 form can be downloaded from the Alabama Department of Revenue's website. It is also advisable to check for any updates or changes to the form before completing it.