Can a car without the green book be used for mortgage loans?
1 Answers
No, a car without the green book does not fully belong to you, so it cannot be used as collateral for loans. Below are the specific details about the vehicle green book: Name meaning: The green book is the "Motor Vehicle Registration Certificate," equivalent to the vehicle's household registration. The motor vehicle registration certificate serves as the legal proof of vehicle ownership, kept by the vehicle owner and not carried with the vehicle. Any subsequent vehicle registration procedures such as transfer or change of ownership require the presentation of the vehicle registration certificate, which records the vehicle's relevant details. Required materials for application: "Motor Vehicle License Plate Application Form," original and copy of the vehicle owner's identity proof, vehicle inspection record form. Conditions for reissuance: If the motor vehicle registration certificate is lost, missing, or damaged, the vehicle owner must apply for a replacement at the local vehicle management office where the vehicle is registered.