Citifinancial Auto Paid Car loan off Have not recieved my Title They Lost it Coppelli Texas

Missing titles happen all the time for any of hundreds of different reasons. It is not that serious. When you complete a contract with any financial company that has a lien on your property, they release the lien. This is all that is required. It just so happens that the easiest way for them to do that is to sign over the title and send it to you. If they do not have the title they send a Manual Lien Release which is what you would then take to the DMV where they would issue you a new title without the lein atached, this is usually paid for by the issuing financial institution. The actual paper title really means nothing if it does not match the DMV records anyway. Example, Let's say you buy a car and have had it for 2 years and have 3 years of payments left with the lender 'XYZ'. One day you need money and get a loan at another lender 'ABC' who requires you put up your car as collateral. If you did this you would be adding a second lien to the title which the DMV would be notified but the company normally would not. Now let's say after 3 years you paid off the original lender, XYZ but still owed money to ABC. If XYZ had the title, they send it to you and have signed off on it. Since it was processed before your loan with ABC, that company would not show as a lienholder and the title would seem to be clear. However when you went to get a new title or sell your car and the new owner went to get a new title, you or they would be notified that there was a still a lein on the title. You or they would not be able to obtain a clear title until the loan with ABC is satisfied and then THEY would send you a Manual Lien Release.