What is the Georgia T4 form?
The Georgia T4 form, also known as the Notice of Satisfaction of Security Interest or Lien Holder’s Affidavit, is a document used to acknowledge the satisfaction of a security interest or lien on a motor vehicle. It is primarily executed by the individual or entity that holds the lien or security interest, confirming that the debt has been paid or settled. This form is crucial for updating the vehicle’s title records and ensuring that the lien is officially removed.
Who needs to fill out the Georgia T4 form?
This form must be completed by the lien holder or the person who has a security interest in the vehicle. This includes banks, financial institutions, or individuals who have lent money secured by the vehicle. If the lien holder is an individual, they must provide their driver's license information along with the form.
What information is required on the Georgia T4 form?
The form requires several pieces of information, including the full legal name of the lien holder, their business address, the owner's name as it appears on the vehicle's title, and details about the vehicle itself, such as its year, make, model, body style, and Vehicle Identification Number (VIN). Additionally, the lien holder must sign the form and may need to provide a copy of their driver's license if they are an individual.
Can I use the Georgia T4 form if my lien is recorded electronically?
No, the Georgia T4 form is not permitted for use by any participant in the Electronic Lien on Title (ELT) program. If your lien has been recorded electronically, you will need to follow the specific procedures set forth by the ELT program to satisfy the lien.
What happens if the form is not completed correctly?
It is essential to complete the Georgia T4 form accurately and legibly. Any alterations or corrections made to the form will void it. If the form is not completed correctly, it could lead to delays in processing the application for the Certificate of Title or even a rejection of the application by the Department of Revenue.
Do I need a notary public to sign the Georgia T4 form?
Yes, the Georgia T4 form must be sworn to and subscribed before a notary public. This notary acknowledgment verifies the identity of the signer and confirms that they have provided the information based on their personal knowledge. The notary will also provide their signature and seal, which is required for the form to be valid.
What should I do with the completed Georgia T4 form?
Once you have completed and signed the Georgia T4 form, it must be attached to the application for the Certificate of Title. Ensure that all required information is included, and submit it to the appropriate state agency for processing. Keeping a copy of the completed form for your records is also advisable.