A lender may be recorded as a lienholder on a vehicle title. This may be mailed to DMV, provided there are no changes to the name field. Requests with a name change (Adding an owner, deleting an owner or other change to the name.) will be returned unprocessed. Please send the following:
The registered owner of the vehicle must sign the application before it will be accepted. A Power of Attorney is acceptable for someone other than the registered owner signing the application and title. A title with a recorded lien will automatically be mailed to the lienholder.
Alaska law permits only the recording of the primary lienholder's name on the title. Secondary lienholders may record their liens in a district recorder's office in their area of residence. This type of filing is called a Uniform Commercial Code or UCC filing.Releasing a Lien
When you make the final payment on your vehicle, the lienholder will release their interest in the vehicle and give the original title to you. Once you receive the title, you would need to apply for a "clear" title with the Division of Motor Vehicles. In order to obtain a new title, you will need the following items;
If your title becomes lost, you must obtain a lien release from the financial institution prior to obtaining a clear title.
Mail requests to:
State of Alaska
Division of Motor Vehicles
1300 W Benson Boulevard STE 200
Anchorage AK 99503-3600
Note: Title work mailed may take 6 to 8 weeks to process.