Did you know that when you pay off your vehicle, the lender has 15 days to send you the Pink Slip? If you do not receive the signed off pink slip within that time, then you are entitled to $25 per day for each day over 15 days, up to a maximum of $2,500.00.
Moreover, if you then make a demand for the $25 per day and they fail to pay the same within 60 days, the amount triples, up to $7,500.00! Additionally, you are also entitled to attorney’s fees and costs! See Vehicle Code 5753.
So if its been over 15 days since you recently completed a Chapter 13, or otherwise made your last payment to a vehicle lienholder, please contact us if you still do not have the Pink Slip! We have recovered thousands of dollars for our clients in similar situations!