Is a vehicle license required for vehicle release from mortgage?

[ReedAnn]

Vehicle release from mortgage does not require a vehicle license. Relevant information is as follows: Required documents: To release a vehicle from mortgage, you need to bring the vehicle registration certificate, car purchase invoice, vehicle annual inspection certificate, insurance certificate, loan settlement proof, bank organization code certificate and power of attorney, as well as a power of attorney authorizing the client to handle the mortgage release business. Ownership belongs to the lending institution: The procedure for releasing a vehicle from mortgage needs to be processed at the local vehicle management office, and the vehicle does not belong to the individual before the transfer of ownership is completed, with all property rights still held by the lending institution. Joint application by both parties: The application for mortgage release registration must be submitted jointly by the vehicle owner and the mortgagee, along with the identity documents of both the vehicle owner and the mortgagee, as well as the vehicle registration certificate.