Massachusetts · Massachusetts General Laws — Part I, Title XIV, Motor Vehicles
Mass. Gen. Laws (Motor Vehicles) § 90D:24: Satisfaction of security interest in vehicle
What this law says, in plain English
When a vehicle loan is paid off, the lienholder must release its security interest within three to ten days and deliver the certificate of title to the next lienholder or owner. Cash and electronic payments are considered cleared immediately upon receipt.
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