To obtain a release of lien on a Boat, Outboard Motor or Personal
Watercraft please provide us with the following required
document(s):
-
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,
Lienholder's Name, the Identification Number, the Title Number, the
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
Please remember that FDIC can only accept a release request when the
lienholder is a Bank or Savings and Loan Institution that failed and
has been placed in FDIC receivership, OR, a Subsidiary of a Failed
Bank or Savings and Loan. If you're not sure, please call the DRR
Customer Service Center at 972-761-2077 or toll-free
at 888-206-4662.
It is highly suggested you also provide the
following documents, if available:
-
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.
Where to send your request
-
A request for a Release of Lien must be made
in writing.
-
You can mail your request to: FDIC, 1601 Bryan
Street, Dallas TX 75201 Attention: DRR Customer Service Center
-
OR it can be faxed to 703-812-1082
-
We ask that you either fax your request OR
mail it in. Please do
not do both. Hard to
read documents should be mailed or sent overnight, rather than
faxed. Unreadable documents cannot be processed.
Be sure to include your address and phone number with
your written request.
Because of the large volume of release requests we get,
it may take up to 30 business days
to obtain a release of lien so you may want to plan accordingly.
If you have any questions you may call FDIC DRR
Customer Service Center at 972-761-2077 or toll-free at 888-206-4662
between the hours of 8:00 am and 5:00 pm Central Standard Time, Monday
through Friday (except Holidays). A Customer Service Representative will
be happy to answer your questions, OR, check out our Frequently
Asked Questions.
Back to How
To Obtain a Lien Release
|
