Form SUT 4. Transfer of Certification of Lien Information - Virginia
Form SUT 4 - Transfer of Certification of Lien Information is intended for lienholders to transfer a certificate of title along with an existing lien. This process ensures a smooth transition of ownership while maintaining the lienholder's rights.
The parties involved are the lienholder, the seller of the vehicle, and the Virginia Department of Motor Vehicles. The form is divided into sections for lienholder information, vehicle details, seller's information, and lien transfer declaration.
Key fields in this form include lienholder's name, address, vehicle details, lien release information, and signatures of both the lienholder and the seller. Accurate lien details and proper documentation are essential to ensure the lienholder's interests are preserved during the title transfer.
For example, if a person is selling a vehicle with an existing loan, they would need to complete this form along with the buyer to transfer the title while acknowledging the existing lien on the vehicle.
An analogous form could be a lien release form used when a loan has been fully paid off, releasing the lienholder's interest in the vehicle.