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Last month I purchased a boat and financed it. Yesterday the

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Last month I purchased a...
Last month I purchased a boat and financed it. Yesterday the pink slip arrived in the mail and does not have the bank's name on it. What are my options?
Submitted: 5 years ago.Category: Consumer Protection Law
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Answered in 15 minutes by:
4/3/2012
Consumer Protection Lawyer: Barrister, Lawyer replied 5 years ago
Barrister
Barrister, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 39,538
Experience: Attorney,17 years experience in consumer protection areas
Verified
Hello,

Who is listed as the lienholder? Another bank or lender?

.

Thanks.

Barrister

.

.
Please be patient as I am typically working with several customers at any given time. Some answers take 5 minutes, some 35 minutes, depending on the level of complexity. But rest assured, I will get back with you as soon as I am able.

.

If you need additional clarification on this question, just click "Reply" and I will be happy to help you. Please give me as much detail as you can so that I can respond after receiving all the relevant details.

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Please be aware that I am not entering into an attorney client relationship, this is a public forum, and all posts are available for public viewing. There is no duty of confidentiality that attaches to any posts. With that in mind, please do not post any specific information you do not want available for public viewing.

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Customer reply replied 5 years ago
I financed it through a bank but received the pink slip with no lien holder stated on it.
Consumer Protection Lawyer: Barrister, Lawyer replied 5 years ago
Well, technically it should have the lender listed on the pink slip to put the world on notice that there was a lien on the boat.

Apparently someone screwed up and forgot to put the lender on the slip. But that wouldn't relieve you from any obligation to pay for it. It just makes it easier to sell later because you don't have to get the lender to release the pink slip.

If it were me, I would put the pink slip away in a safe place and not mention it to the lender.

.

Thanks.

Barrister

.

.
Please be patient as I am typically working with several customers at any given time. Some answers take 5 minutes, some 35 minutes, depending on the level of complexity. But rest assured, I will get back with you as soon as I am able.

.

If you need additional clarification on this question, just click "Reply" and I will be happy to help you. Please give me as much detail as you can so that I can respond after receiving all the relevant details.

.

Please be aware that I am not entering into an attorney client relationship, this is a public forum, and all posts are available for public viewing. There is no duty of confidentiality that attaches to any posts. With that in mind, please do not post any specific information you do not want available for public viewing.

Ask Your Own Consumer Protection Law Question
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Barrister
Barrister
Barrister, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 39,538
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Experience: Attorney,17 years experience in consumer protection areas

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