Does my title SAY AND or OR?
In this case, there are two ways the vehicle title can be written. The two names might have an “and” or an “or” between them. Generally, “and” means both parties have to sign the title to release ownership; “or” means either person can sign the title.
What is the difference between and or or on a title?
However, if the title is in “or” than it only requires one signature. (3) “and/or” means that both owners’ must signatures are required to transfer title, however, should one of the owners pass away, then the remaining owner is able to transfer title.
Can a title be in two names?
Both named title holders are legal owners. The only difference is how the names may be separated. If there is an AND between the names both named title holders must sign the title for it to be sold or traded. If an OR separates the two names either can sign off on the title for it to be sold or traded.
What does it mean when car title says or?
If “or” is used on the title, then it usually means either owner of the car can sign the title to sell the vehicle. When “and” is used, it typically means that both owners of the vehicle need to be involved with the sale and must sign the title before ownership can be transferred.
Does registration mean ownership?
Though car registration and titling usually go hand-in-hand, they don’t mean the same thing. Just because you have registered a vehicle doesn’t necessarily mean you own it — it just means that you have paid your state’s required taxes and fees and accepted responsibility for that vehicle’s operation on public roads.
How do you add a name to a title?
Fill out an application for registration, which you may find online or obtain from your local DMV office. Step 2: Fill out the back of the title. Fill out the information on the back of the title if you have it. Both you and the other person will need to sign.
Can a car be titled in two names?
Vehicles can be jointly owned and titled in two different names, or a car can be owned individually. The way a vehicle is owned and titled impacts the way it is transferred after an owner’s death. Depending on the state and the way the owners’ names are listed on the title,…
What happens if the title says ” or “?
If the title clearly states “or,” either owner may unilaterally sell the car. However, please be sure that there is no known objection by the other owner as to selling the car. You may run… I agree with Attorney Handin’s assessment of your situation.
What does the word or mean on a car title?
Look at the word between your names, usually found at the right side of your title. 1) If it’s an Or – John Doe OR Joe Ross – then the ownership is joint tenancy with an expressed intent that either of the owners has full authority to transfer ownership of the vehicle, license plates and/or fees or to record loan information.
When to remove the previous owner’s name from a car title?
A gift, in which the vehicle is being given to a friend or family member and the previous owner’s name needs to be removed from the title. A sale, in which a person has paid to obtain ownership of the vehicle and the previous owner’s name needs to be removed from the title.