Consumer Protection Law
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The legal ramifications would be based on potential claims of 'breach of contract' and 'fraud'. Since you are aware of this lien, and it is a valid lien against the vehicle, failure to record it would not invalidate the lien, it would permit the creditor to sue for breach and costs, as well as seek an acceleration of the debt and repossession of the vehicle on the basis that it is currently no longer under loan that they are going to honor. This is a situation where allowing them to send you an updated title is the far better option.
sorry....i pushed the wrong button ...i wasn't really paying attention
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