Question: What Does Title Type Correction Mean?

Why does my title say duplicate?

A duplicate title is obtained when the original title has been lost, stolen, mutilated, destroyed, or becomes illegible.

The duplicate title is printed with the word “DUPLICATE” on its face.

When a duplicate title is issued, the original title becomes void..

What is exempt on a car title mean?

When a car is sold in this scenario, the mileage is marked on the title as “exempt.” This is simply stating that the car has been around too long to reliably verify its mileage. … Once the mileage has been marked as exempt on a title, there is no way to change it back.

What happens if you make a mistake on a title?

Mistakes or omissions that occur on an auto title allows for consequences because an auto title is a legal document and any alterations/scratch-thrus, etc. will void the document.

Is it bad to have a duplicate title?

As long as your working with the most recently printed title, then it’s fine. The reason title duplicates are reported the way they are is so that someone can’t try to use an old copy of a title to try to steal a vehicle.

Does a duplicate title lower value?

A salvaged, reconstructed or otherwise “clouded” title has a permanent negative effect on the value of a vehicle. The industry rule of thumb is to deduct 20% to 40% of the Blue Book® Value, but salvage title vehicles really should be privately appraised on a case-by-case basis in order to determine their market value.

What lienholder means?

A lienholder is a lender that legally has an interest in your property until you pay it off in full. The lender — which can be a bank, financial institution or private party — holds a lien, or legal claim, on the property because they lent you the money to purchase it.

How much is a corrected title in Illinois?

If a title needs to be corrected due to an error, the owner can complete a corrected title application and send it, along with the incorrect title, and $50.00 fee, to the Secretary of State.

How do I correct a mistake on my title?

Any corrections due to the misspelling of information may be corrected by drawing a line through the incorrect information and inserting the correct information. A notarized statement from the party making the mistake that was lined through must support the application for title and registration.

How much does it cost for a lost title in Illinois?

You will need your car’s registration, as well as valid ID. Note that if you require a title very quickly, you can apply for an expedited duplicate title. This will require a fee of $125 (an additional $30 fee plus the standard $95 duplicate title fee).

Can you cross out a name on a title?

If you realize that you’ve made a mistake when completing your title, STOP. DO NOT CROSS OUT, WRITE OVER or USE WHITE OUT. Remember, this is an important document which may not be accepted with those types of errors.

How long does it take to get a corrected title in Illinois?

Please allow two to three weeks processing time for Duplicate/Lost Title applications and six weeks processing time for New/Corrected/Transfer Title applications.

What is a corrected title in Illinois?

If your original title is lost, stolen or mutilated, you must apply for a Duplicate Title. Note: Corrected title applications involving the removal of a name because of divorce or the death of a co-owner or for changing an owner’s name because of marriage must be accompanied with a $15 title fee.