Which of the following documents is associated with lien satisfaction?

Which of the following documents is associated with lien satisfaction?

• A. Form ITD 3415
• B. Form ITD 3726
• C. Purchase Order Agreement
• D. Vehicle Title Registration

Answer: (B)

The document associated with lien satisfaction is Form ITD 3726. This specific form is utilized to formally indicate that a lien on a vehicle has been satisfied, meaning that the debt linked to the secured interest has been fully paid off. By submitting this form, the lender or lienholder acknowledges that they no longer have a claim on the property, and it allows the vehicle owner to proceed with the process of obtaining clear title to the vehicle. In contrast, the other options serve different purposes. Form ITD 3415 is related to dealer and buyer transactions but does not specifically address lien satisfaction. The Purchase Order Agreement outlines the terms of a sale between a dealer and a buyer but does not pertain to the satisfaction of any lien. Vehicle Title Registration, while important in establishing ownership, also does not directly deal with the satisfaction process of an existing lien. Understanding these distinctions highlights why Form ITD 3726 is specifically the correct choice for lien satisfaction.

The document associated with lien satisfaction is Form ITD 3726. This specific form is utilized to formally indicate that a lien on a vehicle has been satisfied, meaning that the debt linked to the secured interest has been fully paid off. By submitting this form, the lender or lienholder acknowledges that they no longer have a claim on the property, and it allows the vehicle owner to proceed with the process of obtaining clear title to the vehicle.

In contrast, the other options serve different purposes. Form ITD 3415 is related to dealer and buyer transactions but does not specifically address lien satisfaction. The Purchase Order Agreement outlines the terms of a sale between a dealer and a buyer but does not pertain to the satisfaction of any lien. Vehicle Title Registration, while important in establishing ownership, also does not directly deal with the satisfaction process of an existing lien. Understanding these distinctions highlights why Form ITD 3726 is specifically the correct choice for lien satisfaction.