Please note the following update to the Massachusetts LAW F&I Library®:
Lien Payoff Authorization and Release
The new form number is PAYOFF-RELEASE24. It replaces the PAYOFF-RELEASE19. The update includes, among others, the following updates:
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Changed title from Authorization to Release Payoff Information to Lien Payoff Authorization and Release
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Expanded scope of form to include both trade-in transactions and dealer purchase transactions
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Provides a description of the lien payoff process and the owner's financial responsibility
Dealers will need to consult with their DMS provider regarding reprogramming requirements for new or updated documents.
You can place orders for the most recent version of any LAW document through our online portal ReySource, by contacting your Document Services Consultant, or calling 1.800.344.0996.