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If a vehicle is part of a financing agreement the legal owner will be the individual or entity that provides the financing and is referred to as the lienholder The registered owner is responsible for maintaining compliance with DMV laws and regulations.
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In a nutshell it shows who legally owns the vehicle Registration is different in that it is something required by the state to show you have registered with them paid any taxes or fees due Registering your motor vehicle goes hand in hand with the titling process.
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Please allow Bank of America 15 business days to process the lien release request and submit the request to the county If you need to request an expedited lien release please call the Bank of America Customer Service team at 1-00-669-6607 and advise the customer service representative.