Can I Release the Mortgage on My Car Without the Vehicle License?
3 Answers
You can release the mortgage on your car without the vehicle license. You only need to bring the owner's ID card, the vehicle registration certificate, the loan settlement proof, and the business license of the mortgage institution. Here are some relevant details: 1. Source: If you want to buy a mortgaged car, you must clarify its source. If the mortgaged car is a stolen vehicle, you should never buy it. It may be seized by the public security authorities, causing significant financial loss to the buyer. 2. Required Documents Should Be Complete: The relevant documents first require the loan institution to provide a clear mortgage agreement. Additionally, the borrower's identity information, including a copy of their ID card, should be provided.
Last time I went to the DMV to complete the mortgage release procedure, which was to remove the vehicle's lien since I had finally paid off the car loan. In my excitement, I forgot to bring the vehicle registration certificate. The staff at the counter directly said it wouldn't be possible without it, as they needed the registration to prove the car belonged to me. I made a wasted trip and lost half a day. Later, I went back home to get the registration before I could complete the process. The reason is simple: the vehicle registration serves as the car's ID, and the DMV needs to verify the information during the release to prevent fraud. Remember, for a mortgage release, you generally need to bring your ID card, vehicle registration, and the bank's loan clearance certificate. Missing any of these could cause issues, so it's advisable to check the document checklist before heading out.
Based on my experience, you must bring the vehicle registration certificate for vehicle mortgage release. What is mortgage release? It means removing the mortgage registration, such as when you finish paying off the car loan and the bank no longer has a claim on your vehicle. The registration certificate contains the vehicle registration number and owner's name, which staff use to verify ownership and vehicle authenticity. Without it, you basically can't complete the procedure. I recommend preparing in advance or calling the DMV to confirm requirements. If you forget it, some places might let you register first and submit it later, but not all. Mortgage release involves ownership transfer, and incomplete documents increase risks - don't cut corners only to create more trouble for yourself.
