Sometimes, finding the owner of a used vehicle can be a little more difficult than expected. A DMV report states that multiple re-sales, repossessions and other events can leave you without a clear trail to follow to the owner of the car. One resource you can use to track down a car’s legal owner is a financial institution master list.
A financial institution’s master list compiles contact information about banks, credit unions and other professional lending entities into one location—speeding up the process of finding the legal owner of a used car. Although financial institution master lists may differ in content, most will give you a certain amount of contact information:
- Financial institution’s name
- Financial institution’s address
- Financial institution’s telephone number
Because banks, credit unions and other lenders may merge with other businesses or go out of business altogether, a good financial master list may include updated contact information.
Once you have found the legal owner listed on the vehicle’s title, you can contact the financial institution and clear the title or obtain a release. You will need to have some information at hand before you contact a financial institution:
- Loan or account number
- Social Security number of the registered owner
- Name of the registered owner
- Vehicle make, model and vehicle identification number (VIN)
If you have any questions about finding the legal owner of a vehicle, or obtaining a release from the legal owner of a used car, please contact California lemon law attorney Howard D. Silver. The Law Offices of Howard D. Silver represent consumers in California in such areas as used car and auto repair fraud, unfair and deceptive business practices, and automobile lemon law. Call us today at (855) 341-2611.