Is a Vehicle License Required for Vehicle Release from Mortgage?

[HarrisonDella]

Vehicle release from mortgage does not require bringing the vehicle license. Documents needed for release: To release a vehicle from mortgage, you need to bring the vehicle registration certificate, purchase invoice, vehicle annual inspection certificate, insurance certificate, loan clearance proof, the bank's organization code certificate and power of attorney, as well as a power of attorney authorizing the client to handle the mortgage release process. Ownership belongs to the lending institution: The process of releasing a vehicle from mortgage must be completed at the local vehicle management office. Before the vehicle is transferred, it does not belong to the individual; full ownership remains with the lending institution. Joint application by both parties: Applying for mortgage release registration requires both the vehicle owner and the mortgagee to apply together, submitting their identity proofs along with the vehicle registration certificate.