Is only one green book given after vehicle release from mortgage?
2 Answers
After the vehicle is released from mortgage, you can retrieve not only the green book but also certificates like the conformity certificate and invoice. Documents required for vehicle release from mortgage procedures: Power of attorney with official seal and verification stamp, the vehicle owner's valid personal ID, completed motor vehicle mortgage registration and pledge filing application form, the lending institution's organization code certificate, motor vehicle registration certificate, and loan clearance certificate issued by the lending institution. Generally, it's best for the vehicle owner to complete the release from mortgage procedures immediately after repaying the loan and not delay for too long. Process for vehicle release from mortgage: Normal release: For loans processed through banks, 4S shops, or mortgage companies, after repaying the loan, the bank or 4S shop will issue a repayment certificate. The owner then needs to go to the municipal archives office to complete the release. Some institutions may have a release officer from the bank or credit company accompany the owner with the repayment agreement and certificate to process the release. Early repayment: First, apply for early repayment at the bank where the loan was taken, then complete the release procedures after repayment.
I remember when I released my auto loan last year, the bank did return the green-covered vehicle registration certificate, commonly known as the 'green book,' but this wasn't the only document. They also gave me a loan release certificate and a repayment completion notice. The whole process went like this: after paying off the car loan, I had to go to the bank to complete the release procedures. The staff would take back the previous mortgage contract and issue these documents. Finally, I also visited the DMV to submit the green book and the release certificate to cancel the mortgage registration. Only after all these steps were completed did the vehicle truly belong to me. Just having the green book isn't secure enough—without the other supporting documents, issues might arise during future transfers or sales. So, I suggest you carefully check all these documents upon receipt to ensure nothing is missing.
