Motor Vehicle
Frequently Asked Questions
Filing A Lien
When would I be required to file a lien?
Anytime a vehicle is used as collateral for a loan of any type, a lien is filed with the county where the borrower lives. The lender is called the lienholder, who may be any company or individual that lends money. Typically, banks and credit unions are the major types of lienholders, but any type of financial institution or individual may be one also.
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Where does the title work have to be sent to file a lien?
Paperwork for lien filing must be sent to the buyer’s county of residence. Denver County residents should send their paperwork to:
Denver Motor Vehicle, 4685 Peoria St., #101, Denver, CO 80239
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What does it cost to file a lien?
Denver County residents are required to pay sales tax on a newly purchased vehicle of 7.72% of the purchase price of the vehicle. The total sales tax must be sumbitted with the with all of the documentation required to file a lien. Please not that if the vehicle is being refinanced no sales tax are due as they have already been paid.
Filing fees for the security agreement are $5.00 per printed page up to 14” in length and 8 ½ in width. Security agreements longer than 14” in length or 8 ½ in width are $10.00 per page. Original or carbon copies of the security agreement are accepted. A photocopy must be certified as a true and exact copy of the original.
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Any printing on any page is subject to the additional filing fees per printed page based upon the size of the security agreement.
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What forms are required when filing a lien?
Mortgage documents (mortgage, security agreement, chattel mortgage, etc.) which create a lien on a motor vehicle and constitute notice of the existence of such lien.
To file a lien on a vehicle or mobile home, the supporting documents necessary for establishing a Colorado title are required in addition to the acceptable mortgage documents.
Acceptable mortgage documents may be:
Original
Signed Duplicate Original
Signature in ink or signature in carbon
Signature by any other means
Copy Certified by holder of mortgage or holder's agent
The mortgage document must be signed by the party(ies) listed on the title as the titled owner(s). A section of the document must state that the motor vehicle title is given as security or collateral to secure payment of the debt. It also must include the year, make, VIN number and the total amount of payments (amount of lien).
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What steps are required to file a lien?
The following is a general lien filing checklist. Other documents may be required depending upon the circumstances of the transaction.
- Ensure that you submit a properly assigned title or Manufacturers Statement of Origin (MSO/MCO).
- Make sure the mortgage paperwork and vehicle description agrees with title or MSO.
- Mail the documents to the county where the buyer resides.
- Enclose all sales tax receipts for the purchase of the motor vehicle and sign all checks or money orders for calculated sales taxes due (7.72% of the purchase price) and proper filing fees.
- Remember that sales tax is only required for newly purchased vehicles; if the vehicle is being refinanced no sales tax are due as they have already been paid.
- Check for required signatures on each document.
- Include powers of attorney, VIN inspections, and weight slips where required.
- Properly release previous liens.
- Make checks or money orders payable to "Denver Manager of Revenue".
- All request for to file liens for Denver County residents should be mail their lien filing documentation to:
Denver Motor Vehicle, 4685 Peoria St., #101, Denver, CO 80239
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