How long is the vehicle release period?
1 Answers
Vehicle release and archiving typically takes 1 to 3 days, with most regions currently able to complete the process on the same day. Documents required for mortgage cancellation registration: Original and photocopies of identity documents for both the vehicle owner and mortgagee. For mortgage registration, the original or photocopies of the principal contract and mortgage contract legally executed by the vehicle owner and mortgagee must also be provided. For vehicles released from mortgage through court mediation, ruling, or judgment, the original and photocopies of the court-issued "Mediation Agreement," "Ruling," or "Judgment" must be provided along with the corresponding original "Notice of Assistance in Execution." For proxy registration, the agent's identity documents and original legally binding written powers of attorney separately issued by the vehicle owner and mortgagee must also be provided. Important notes regarding vehicle release periods: According to relevant regulations, vehicle mortgages that are not registered have no legal effect. The same applies to contracts. Therefore, disputes may lead to creditor issues. During the mortgage period, the mortgagor may transfer the mortgaged vehicle at any time without the mortgagee's consent, and other creditors may also demand that the debtor use the vehicle to settle debts.
