With two owners on a title, it might seem complicated trying to figure out what you need to do and who needs to do what in order to get your title loan approved but at Florida Title, we make it easy to assist you with getting a title loan when there is dual ownership of the vehicle! What matters the most is first determining what connects the two owner’s names on your title. There are three commonly used ways to connect the names on the title that will identify what steps you or both owners will need to take in order to apply for a title loan.
Two Names, connected by “and”
If there are two people on your title connected by the word “and”, then both parties would need to come in to do the loan. The “and” connection indicates that in order to process any title work, both parties need to give consent which is why we would require that both owners apply for the title loan application with Florida Title.
Two Names, connected by “or”
If the names are connected by “or”, then either party can come in to do the loan. The “or” connection indicates that in order to process any title work, either party are able to give consent instead of both parties which is why we would require that only one of the owners apply for the title loan application with Florida Title.
Two Names, no conjunction used to connect the owner’s names
If there are two people on your title without a conjunction to connect the owner’s names, then both parties would need to come in to do the loan. In this case, the “and” connection is assumed and indicates that in order to process any title work, both parties need to give consent which is why we would require that both owners apply for the title loan application with Florida Title.
In the event that both owners are required to apply for the title loan, we will not be able to complete your title loan application without both required parties. If you are unable to complete the title loan application with both required parties and the co-owner of your vehicle agrees, you can visit your local DMV to have the co-owner removed from your title and proceed with your title loan application without the required co-owner. Save yourself some time and some money with this process and request that the state leave the title electronically held and we can process your title loan application with your new e-title the same day that the ownership for the vehicle is updated.
The entire title loan approval process is extremely simple. If you have any questions, please call us we will be happy to answer any questions you may have if there are two people on the title or if you have any other questions about a quick and easy title loan from Florida Title. Call our staff today at (850) 458-2274. We look forward to assisting you!