What is an "Open Title"?

An "Open Title" refers to a title that has been signed by the owner but does not have the buyer's information filled in. This means that the seller has authorized the transfer of ownership but has not designated a specific buyer. Such titles are often used in situations where vehicles are sold quickly, allowing the new owner to fill in their details after the purchase.

This practice can simplify the transaction process, enabling dealerships or individuals to transfer ownership efficiently. However, it is essential to exercise caution with open titles, as they can create potential legal issues if not handled properly, including matters related to liability and ownership disputes once the title changes hands.

Understanding the implications of dealing with open titles is crucial for dealers to ensure that all transactions comply with legal requirements and to protect their interests as well as those of their customers.