Who Does Title 42 In Oklahoma in a video
Who Does Title 42 In Oklahoma
Who Does Title 42 In Oklahoma
Title 42 is a law in Oklahoma that allows a person who has rendered services to a vehicle or other personal property to file a lien on the property if the owner of the property fails to pay for the services. The lien is called a possessory lien because it is dependent on the person having possession of the property.
In Oklahoma, Title 42 liens can be filed by a variety of people, including
* Mechanics who have worked on a vehicle
* Storage facilities that have stored a vehicle
* Tow companies that have towed a vehicle
* Body shops that have repaired a vehicle
* And any other person who has provided services to a vehicle or other personal property
To file a Title 42 lien in Oklahoma, the person filing the lien must complete a form called a Title 42 Affidavit. The affidavit must include the following information
* The name and address of the person filing the lien
* The name and address of the owner of the property
* A description of the property
* The amount of money that is owed for the services
* The date on which the services were rendered
The Title 42 Affidavit must be filed with the Oklahoma Tax Commission. The filing fee for a Title 42 lien is $195.
Once a Title 42 lien is filed, the owner of the property has 30 days to pay the debt. If the debt is not paid within 30 days, the person who filed the lien can foreclose on the property. This means that the person can sell the property to pay off the debt.
Title 42 liens can be a valuable tool for people who have provided services to a vehicle or other personal property and have not been paid. By filing a Title 42 lien, the person can protect their right to be paid for their services.
Here are some additional things to know about Title 42 in Oklahoma
* The person filing the lien must have possession of the property for at least 30 days before filing the lien.
* The lien is valid for 1 year.
* The lien can be renewed for an additional year.
* The lien can be enforced by the court.
If you have any questions about Title 42 in Oklahoma, you should contact an attorney.
who can file a Title 42 lien in Oklahoma
* Mechanics Mechanics who have worked on a vehicle can file a Title 42 lien if the owner of the vehicle fails to pay for the services. The lien will cover the cost of the labor, parts, and any other expenses incurred by the mechanic.
* Storage facilities Storage facilities that have stored a vehicle can file a Title 42 lien if the owner of the vehicle fails to pay for the storage fees. The lien will cover the cost of the storage fees, as well as any other expenses incurred by the storage facility, such as late fees and towing charges.
* Tow companies Tow companies that have towed a vehicle can file a Title 42 lien if the owner of the vehicle fails to pay for the towing fees. The lien will cover the cost of the towing fees, as well as any other expenses incurred by the tow company, such as storage fees and administrative fees.
* Body shops Body shops that have repaired a vehicle can file a Title 42 lien if the owner of the vehicle fails to pay for the repairs. The lien will cover the cost of the labor, parts, and any other expenses incurred by the body shop.
In addition to these specific types of businesses, any person who has provided services to a vehicle or other personal property can file a Title 42 lien if the owner of the property fails to pay for the services. This includes things like
* Painting a car
* Detailing a car
* Installing a new stereo
* Adding a security system
* And any other service that is provided to a vehicle or other personal property
To file a Title 42 lien in Oklahoma, the person filing the lien must complete a form called a Title 42 Affidavit. The affidavit must include the following information
* The name and address of the person filing the lien
* The name and address of the owner of the property
* A description of the property
* The amount of money that is owed for the services
* The date on which the services were rendered
The Title 42 Affidavit must be filed with the Oklahoma Tax Commission. The filing fee for a Title 42 lien is $195.
Once a Title 42 lien is filed, the owner of the property has 30 days to pay the debt. If the debt is not paid within 30 days, the person who filed the lien can foreclose on the property. This means that the person can sell the property to pay off the debt.
Title 42 liens can be a valuable tool for people who have provided services to a vehicle or other personal property and have not been paid. By filing a Title 42 lien, the person can protect their right to be paid for their services.
If you have any questions about Title 42 in Oklahoma, you should contact an attorney.
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