When to Expect Boat Title After Loan Completion

When you have a boat title loan, the bank will hold the title papers until the loan has been paid off. This is the security the bank takes in return for offering you the loan.

The Title

Timing will vary from lender to lender, and from state to state as to when the title will be given to you after the loan has been paid off. Generally speaking, once you have made the final loan payment, the bank will complete its paperwork on the transaction. After that, the title will be mailed to you. This process can take anywhere from one to four weeks.

Once you have received the title, you will get the original title, and a lien release which the Motor Vehicle Administration will require before they will give you a "clean" title for the boat. A "clean" title verifies that you are now the sole owner and that your boat title loan has been paid in full.

Improve Your Credit Score - Free Consultation