Acronyms
DMV
What is Department of Motor Vehicles?
A legal documentation that establishes the legal owner of tangible collateral, such as cars, trailers, boats, or airplanes.
What is a Title?
Titles received at a branch must be forwarded via FedEx delivery no later than the _____________.
What is the next business day?
The system that provides electronic lien and title services and automotive collateral management to Navy Federal.
What is VINTek?
The first Pixar movie.
What is Toy Story?
VIN
What is Vehicle Identification Number?
The document between a buyer and seller.
Title requests are processed on a first come, first serve basis and may take up to _____ business days.
What is five?
The Navy Federal department that ensures the proper maintenance of our collateral loans.
What is Collateral Control?
This American president is in the Wrestling Hall of Fame.
Who is Abraham Lincoln?
ELT
What is Electronic Title?
A document releasing Navy Federal as the lien holder.
What is a Lien Release?
Titles are automatically released _____ business days after the payoff posts to the loan.
What is ten?
A promise to pay; a written contract between a borrower and lender which is signed by the borrower and provides evidence of the borrower’s indebtedness to the lender.
What is a promissory note?
The only NFL team with a plant in their logo.
Who are the New Orleans Saints?
TR
What is Title Request?
A letter from a financial institution promising the release of title or interest once specified conditions are met, generally receipt of payoff or paydown of a loan.
What is a Letter of Guarantee?
Team members can manually release titles ________ after the payoff is received if the loan was paid off with guaranteed funds.
What is immediately?
The system that can be used to find copies of titles.
What is IBM Content Navigator?
The official state sport of Maryland.
What is jousting?
BOS
What is Bill of Sale?
A letter providing a member permission to have a vehicle moved by a shipping company.
What is a Letter of Authorization?
The title can only be held in the branch for _____ days.
What is thirty?
The amount of time a member has to provide a title or other proof of ownership.
What is 90 days?
The first animal to ever be cloned.
What is a sheep?