Section 17 Release of Liens and Statute of Limitations on Indebtedness

• Library: Secured Transactions 2005

In the past, a lien noted on the face of a Missouri certificate of title was released simply by the signature of an authorized agent of the lender on the face of the title in the appropriate release space. Section 301.640, RSMo 1994. The General Assembly amended the statute in 2002 to require that a release be notarized. Section 301.640.1, RSMo Supp. 2004. The amendment allowed the release to be made on the certificate or in a separate document. Id. The Department has promulgated a regulation that, as of July 1, 2003, it will not recognize or process...