Form MV-900. Notice of Lien

Form MV-900 is a Notice of Lien filed by a lienholder to record a lien on a vehicle title in New York State. A $5.00 fee must be paid by the lienholder, and both the lienholder and owner must sign the form. If a title has already been issued, the original title must be submitted with this form.

The main purpose of this form is to record a lien on a vehicle title. The form consists of several parts, including the lienholder's information, the vehicle owner's information, and the reason for the lien. Important fields to consider when writing the form include the make and model of the vehicle, the Vehicle Identification Number (VIN), and the amount of the lien.

The parties involved in the form are the lienholder and the vehicle owner. Data required when writing the form includes the lienholder's full name, address, and signature, as well as the vehicle owner's full name, address, and signature. Additional documents that must be attached include the original title, proof of the lien, and proof of identification.

Examples of when this form may be necessary include when a vehicle owner has taken out a loan to purchase the vehicle and the lender wants to record a lien on the title, or when a repair shop has performed work on a vehicle and has not been paid, so they want to record a lien on the title. One strength of this form is that it provides a standardized format for recording a lien on a vehicle title, which can help to ensure that all necessary details are included. A weakness of this form is that it may be confusing for those who are not familiar with the process of recording a lien.

Alternative forms may include form MV-901, which is used to release a lien on a vehicle title, or form MV-950, which is used to apply for a duplicate title. The difference between these forms is that form MV-901 is used to release a lien on a title, while form MV-950 is used to apply for a duplicate title.

The completion of form MV-900 can have a significant impact on the future of the vehicle owner, as it may affect their ability to sell the vehicle or obtain a new title. The form is typically submitted to the New York State Department of Motor Vehicles (DMV), and the lien is recorded electronically in their database.

In summary, form MV-900 is used to record a lien on a vehicle title in New York State. The form consists of several parts, including the lienholder's information, the vehicle owner's information, and the reason for the lien. The parties involved are the lienholder and the vehicle owner, and additional documents that must be attached include the original title, proof of the lien, and proof of identification. The form is necessary to record a lien on a vehicle title and is stored electronically in the New York State DMV's database.