Hi! So I actually have a couple questions to ask here.

Some Info:
Car Accident: April 23rd 2024 (Hit & Run)

My car insurance: State Farm

My loan holder: Capital One (Owe 34k)

Gap Insurance: Yes

Car: 2024 Kia K5 (TOTALED)

I received a notification last week from Capital One stating they received my total loss claim. (Which I did not do, I'm guessing state farm reached out to them). The next day I get another notification saying that Capital One is expecting a payment of 29k. I do have Gap so I'm not worried about the remainder.

Questions:

1. Would Capital One be the one to provide my insurance with the title?

2. How long does it usually take for a loan company to receive the payment from State Farm?