Can a Car Without the Green Book Be Mortgaged?
1 Answers
A car without the green book cannot be mortgaged. A mortgaged car cannot be transferred because the original owner has already mortgaged the "registration certificate" (green book) to a bank or financial institution when purchasing the car, and its status shows "mortgaged." The cover of the motor vehicle registration certificate is green, commonly referred to as the big green book. Below is extended information about the car green book: 1. Car Green Book: It refers to the motor vehicle registration certificate. The motor vehicle registration certificate is the legal proof of vehicle ownership, kept by the vehicle owner and not carried with the vehicle. If the motor vehicle registration certificate is lost, missing, or damaged, the vehicle owner should apply for a replacement or reissuance at the local vehicle management office. 2. Replacement: If the motor vehicle registration certificate is lost, missing, or damaged, and a replacement is required, the vehicle must also be inspected. The vehicle management office should confirm the vehicle and review the submitted proofs and documents within one day of acceptance, then reissue or replace the motor vehicle registration certificate.