Can a car title have two liens financial company and bank?

Yes, it is possible for a car title to have two liens, one from a financial company and one from a bank. This situation often arises when a borrower takes out a loan from a financial company to purchase the vehicle and uses the vehicle itself as collateral. The financial company will then register a lien on the title of the vehicle as a security interest. If the borrower subsequently defaults on the loan, the financial company can take possession of the vehicle and sell it to satisfy the debt.

However, it is also possible for a bank to have a lien on the vehicle if the borrower uses it as collateral for a different loan or credit line, such as a home equity line of credit. In this case, the bank will also register a lien on the title of the vehicle as a security interest. If the borrower defaults on the loan from the bank, the bank can also take possession of the vehicle and sell it to satisfy the debt.

In some cases, a car title can even have more than two liens on it. For example, if the borrower defaults on both the loan from the financial company and the loan from the bank, both creditors will have a lien on the title and may compete for possession of the vehicle.