How long after a car loan default will the vehicle be remotely locked?
1 Answers
Time is around 10 to 30 days. Here are the details: Remote locking time: Different banks or loan companies have different regulations regarding loan defaults. After a car loan default, staff will contact the vehicle owner. Only if communication proves ineffective will the vehicle be remotely locked. Loan repayment: After the car loan is fully repaid, you need to bring the vehicle registration certificate, vehicle license, and the owner's ID card to the vehicle management office where the vehicle is registered, or the traffic management department of the public security authority, to complete the mortgage release procedures. Only after completing these procedures does the vehicle fully belong to the owner.