Quote:
Originally Posted by Ram Jet
I never heard of a financial institution holding the actual title.
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As far as I know, the lender always holds the physical title *somewhere*, as they physically own the vehicle and need to be able to prove that fact should anything happen to it, just like the rest of us.
Same deal in OH AFAIK. My parents just went through the payoff and title mailing process with a car. Paid it and waited a few days for it to be mailed to them.