The lending company or bank will hold the deed of the house or title of the car until the loan has been paid in full, including interest and any additional fees. (800loanmart.com)
When you finance a car, or when you get an auto title loan, the lender places a lien on the official title of your car as a guarantee that you'll pay back a loan. (800loanmart.com)
Don't transfer titles of cars or homes. (debt.org)