Vehicle Titles

What is a vehicle title?

The vehicle title is the legal document that is the state’s record of who owns the vehicle.  If you have an auto loan on that vehicle, both you and the lienholder are listed on the title.  The lienholder is the lender who made the loan to you.  When you pay off your loan, a new title is issued to you, showing you as the sole owner.

Why is it important?

The title is the document that provides proof of your ownership in the vehicle.  Depending on your state rules, either you keep a copy of the title or the lienholder holds it until the loan is paid off.  When refinancing with RefiJet, we will let you know if you are in a title-holding state and need to provide us with the title.

How does RefiJet get the vehicle title for refinancing?

If you live in a title-holding state, you are the borrower will have the official title document.  You will need to send in the title to RefiJet to complete the refinance process.  If you don’t have it, we will guide you through the process of getting a copy.  Typically, to get a replacement title, you need to go to your department of motor vehicles or county tax office, depending on your state and county.  Or, you might even be able to file online or send in a form to get the title in the mail.  If the current lender has the title, we will handle the process of getting the title from the previous lender, who will release it directly to us as soon as that loan is paid off through the proceeds of the new refinance loan.

How is the title handled during a refinance?

When you refinance, a new title needs to be issued.  This means that old lender will no longer be on the title.  The new title will show the new lienholder.  This is a process that is conducted through your state department of motor vehicles.  When you refinance with RefiJet, we handle every aspect of getting a new title as part of your loan refinance.  When the title is updated, it will go to the appropriate party, either you or the lienholder, depending on the state.

What if there are co-borrowers on the loan?

If there are co-borrowers on the loan, then the title will show both borrowers.  If you are adding someone as a co-borrower or if you are removing a co-borrower who will no longer be on the new refinance loan, the title needs to reflect the new ownership.  RefiJet, will guide you through the entire process to make sure the new title accurately reflects the borrower(s) on the new refinance loan.  This includes working with the state department of motor vehicles and both lenders to facilitate the process on your behalf.

Important Disclosures and Requirements

Customer Consent to Receive Account Information Electronically

The Electronic Signatures in Global and National Commerce Act requires your consent to receive certain disclosures electronically. Please read this section carefully and retain a copy of this document for your records.

ELECTRONIC RECORDS

Some communications and disclosures with and by RefiJet.com on its behalf and on behalf of participating banks, finance companies, and credit unions (hereinafter called “Lenders”) are conducted electronically. However, if you wish to obtain a paper copy of any disclosure to your offer and/or loan/finance offer request, you may write to Yield Solutions Group, LLC (dba RefiJet.com) at 7555 E. Hampden Ave., Ste. 500, Denver, CO 80231. We will not charge you a fee for a paper copy of the Disclosures you request. RefiJet does not provide any Lenders’ disclosures.

RefiJet.com reserves the right, in its sole discretion, to stop providing Disclosures electronically. RefiJet.com will provide you with notice of any such termination as required by applicable law. If RefiJet.com chooses to stop providing Disclosures electronically, RefiJet.com will send any future Disclosures to you in paper form.

YOUR CONSENT IS REQUIRED

The applicant and any co‐applicant (collectively, “you”) must consent to receive Disclosures electronically in order to complete the loan/finance offer request process with RefiJet.com on behalf of its participating Lenders (as defined above). Your consent will apply to Disclosures you receive from RefiJet.com, its successors and assignees, and any Lenders. You may withdraw your consent for receiving electronic Disclosures by notifying RefiJet.com at Info@RefiJet.com. Since RefiJet.com is structured to provide some loan/finance offer request related information electronically, not consenting, or withdrawing your consent to receive electronic Disclosures may terminate your loan/finance offer request process. You may withdraw your consent to do business electronically with our participating Lenders at no cost to you. You may do so by contacting the Lender at the mailing address, e‐mail address or telephone number they provide to you separately for such purpose.

CONSENT TO RECEIVE DISCLOSURES ELECTRONICALLY

In order to use this service, you must consent to receive disclosures including but not limited to the Terms of Service and Privacy Notice electronically and you agree that these electronic disclosures will be sufficient as a “writing” under applicable law.

If you have access to this website, you have suitable hardware/software to access and retain electronic documents.

This consent is valid until revoked by either party.

Please notify us at 1.800.260.5355 if your contact information changes at any point in the refinance process.

MONTHLY PAYMENT REDUCTION CLAIM**

This average monthly auto loan payment savings reflects loans where the borrower chose to lower their monthly payment. Not every auto refinance is intended to lower monthly payment. These savings are not guaranteed. Individual savings and rates may differ.

2018‐10‐08 02:30PM MST