A half-page release, signed by the lender rather than by you, for the case where the loan is paid off and the certificate does not show it. Oregon's ordinary route is different — the security interest holder signs the front of the title itself, on one of two lines marked SIGNATURE AND COUNTERSIGNATURE OF SECURITY INTEREST HOLDER OR LESSOR RELEASING ALL INTEREST — so this form is what you ask for when the lender no longer has the title, or has it and will not part with it, or released years ago and left the record standing.
Written against 735-524 (4-26), issued under ORS 803.097 and DMV Title & Registration Handbook Chapter E.
Revised April 2026 and printed in English on the first page and Spanish on the second — they are the same form and either face is acceptable. Check the record before you list the car, not after a buyer asks.
Two documents, and they are not the same thing. Take the blank 735-524 from the oregon.gov copy so you get the revision that is current today.
This is all 2 pages of the actual 735-524, rendered from the PDF the Oregon Department of Transportation, Driver and Motor Vehicle Services Division publishes and completed end to end: letterhead, every field, and the blocks at the foot.
Amber — you write it
Grey — not yours to fill
Numbered — explained below
Page 1 of 2. The English face, completed by the lender. The three unused registered-owner lines are greyed because the loan was in one name.Page 2 of 2. The Spanish face, Declaración de Satisfacción del Gravamen, box for box the same document. Either one is a release DMV accepts.
Field by field
Every line, in the order you meet it
1
The lienholder fills this in
Vehicle identification number
The full-width box at the top of the block.
Watch out: This is the field that ties the release to a record. A release of interest with no vehicle identification on it is not one DMV can use, whoever signed it.
2
The lienholder fills this in
Year, make, body style
Three boxes on the second row, describing the vehicle as the title describes it.
Watch out: Body style is the certificate's own word — the front of an Oregon title has a STYLE box, and copying from there avoids an argument about what a wagon is.
3
The lienholder fills this in
Type or print name of registered owner(s) to whom loan was made
The borrower, not the lender. Usually you.
Watch out: If the loan was in two names and the title is in two names, both belong on this line — the release has to match the record it is clearing.
4
The lienholder fills this in
Type, print or stamp name of security interest holder releasing all interest
The deep block in the middle of the form, with an instruction to financial institutions to use a unique line stamp.
Watch out: A signature on its own is not a business release. The handbook wants the business name and an authorised representative's signature together, and the line stamp is how most lenders do it.
5
The lienholder fills this in
Authorized signature releasing interest
One line, marked with an X, signed by somebody with authority at the lender.
Watch out: Original ink on the copy that reaches DMV. A scan emailed to you is fine for your own peace of mind and is not the document the department will accept.
6
The lienholder fills this in
Date signed (MM/DD/YYYY)
The last box on the form.
Watch out: Undated releases come back. It is one of the four things Chapter E requires of any release of interest, and it is the one lenders skip.
At a glance
What goes where
On the form
What to put in it
Vehicle identification number
A full-width box across the top of the block.
Year, make, body style
Three boxes on the row beneath it.
Type or print name of registered owner(s) to whom loan was made
One wide line, and it is the owner rather than the lender.
Type, print or stamp name of security interest holder who is releasing all interest in the vehicle described above
A deep block, with an instruction to financial institutions in brackets: use unique line stamp.
Authorized signature releasing interest
One signature line marked with an X.
Date signed (MM/DD/YYYY)
A dated box beside the signature.
The Spanish face
Page two is the same form in Spanish, headed Declaración de Satisfacción del Gravamen, with the identical boxes.
What gets this one rejected
•A signature with no printed or stamped lender name beside it. A release from a business has to be signed with both the business name and the signature of an authorised representative.
•A photocopy. DMV requires the original release to accompany a transaction, and this is not one of the two documents it will take a carbon copy of.
•A release naming the wrong party. Where the lender on the title is a business, the release has to come from that business, and where the title reads John Doe DBA Ajax Autos the handbook treats John Doe as the owner.
•A vehicle described by make and model only. Any release of interest has to carry at least the plate number, the vehicle identification number or the title number.
•No date. Chapter E lists the date among the things every release of interest must contain.
Rules that decide whether it is accepted
•It is the lender's document, not yours. The instruction printed at the top says it: this form is to be completed by the security interest holder (lienholder) when their interest in this vehicle has been satisfied. Your job is to ask for it, chase it and keep the original.
•Oregon will take a lender's own letter instead. Chapter E accepts other forms of release in lieu of this one, as long as the document carries the vehicle description, the signatures with an indication that interest is released, and the date. A credit union's letterhead release is a release.
•A paid-off loan does not clear itself. DMV's selling page is direct about the consequence: you cannot sell, donate or gift your vehicle if you have a loan on it and the loan is not paid off, and it tells you to contact your lienholder about their payoff process. An unreleased interest on the record has the same effect as an unpaid one.
