How to Release a Mortgaged Vehicle?
2 Answers
Vehicle Management Office Vehicle Service Hall or District (City) County Traffic Police Brigade Vehicle Service Hall. Obtain and fill out the application form; receive a queue number. Submit the application form, identification documents of the mortgagee and mortgagor, "Motor Vehicle Registration Certificate," the principal contract and mortgage contract legally established, and other required materials. Receive the "Motor Vehicle Registration Business Acceptance Receipt"; proceed to the designated bank window for payment (this step is not required for mortgage cancellation). Present the payment receipt (not required for mortgage cancellation) and the "Motor Vehicle Registration Business Acceptance Receipt" to receive the "Motor Vehicle Registration Certificate."
I've gone through the process of releasing a car lien several times, and it's really not too troublesome. The key is to act immediately after paying off the auto loan: First, obtain the loan clearance certificate and loan repayment confirmation from the bank. Second, gather all necessary documents, including the vehicle owner's ID, original vehicle registration certificate, vehicle license, copy of the purchase invoice, and insurance policy. Third, take these to the designated location of the bank or financial institution to submit the lien release application; after their review, they will issue an official lien release certificate. Fourth, don't delay—head straight to the local DMV to update the vehicle information and remove the lienholder. The whole process takes about a day or two, and I recommend making a phone appointment with the DMV in advance to avoid wasting time in line. Once completed, the car is entirely yours, making selling or refinancing hassle-free and preventing any impact on future plans. In short, careful document preparation is crucial, and avoid using agents to prevent fraud.
