How to remove lender from your "Certificate of Title"
When you have a loan for your manufactured home, mobilehome, commercial modular, floating home, or truck camper, the lender holds the Certificate of Title and is listed as the legal owner of the home. This means there is a “lien” against your home; which can prevent you from selling your property. Once you have paid off your loan, the lien should be removed by removing the lender from your Certificate of Title.
Typically, once you pay off your loan, the lender signs the back of the Certificate of Title to release the title to you. If the lender is a company, the releasing signature is done by an authorized person for the company. If the lender does not have the Certificate of Title, the lender/authorized person can complete a Lien Satisfied form – HCD RT 475.3 (PDF).
If your lender was a bank that has since gone out of business, please visit the Federal Deposit Insurance Corporation (FDIC) website for additional assistance.