Assuming the "lien" interest is just collateral on a financial obligation the car's owner woes you, you do not assume any ownership interest unless and until the owner defaults on the obligation and you attempt to "perfect your lien." Since you are not an owner, you should not have any liability just because you have the lien.
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Disclaimer- The information you obtain at our web-site or through postings on such sites as this is not, nor is it intended to be, legal advice. You should consult an attorney for specific advice regarding your individual situation. Any response given here is not intended to create, nor does it create an ongoing duty to respond to questions. The response does not form an attorney-client relationship, nor is it intended to be relied upon as legal advice. The response given is based upon the limited facts provided by the person asking the question. To the extent additional or different facts exist, the response might possibly change.
It is very unlikely that you would be held liable as a debt holder on a vehicle, as only the owner or user who causes damage or loss to another can
Be liable in Tort for the damage caused. Make sure your not in title( as an owner or co- owner as sometimes finance companies make ask you to sign as co- owner and not just co borrower. Check All original paperwork that gave you lien.
If not by a loan, how did your Lien arise?
As long as you are not also a co-owner, I see little chance of you being found liable for any accident. Think about it. Do you see thousands of Banks being drawn into automobile personal injury litigation simply because they have loaned the money that bought the car and they have a lien on the car?
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Mr. Lundeen is licensed to practice law in Florida and Vermont. The response herein is not legal advice and does not create an attorney/client relationship. The response is in the form of legal education and is intended to provide general information about the matter within the question. Oftentimes the question does not include significant and important facts and timelines that, if known, could significantly change the reply and make it unsuitable. Mr. Lundeen strongly advises the questioner to confer with an attorney in your state in order to ensure proper advice is received.