Is there a fee for vehicle mortgage release?

[TaylorAnn]

Vehicle mortgage release does not require any service fees. It is recommended to proceed with the normal mortgage release process at the dealership or bank. If any service fees are charged, it constitutes an unauthorized charge and can be reported. Required documents for vehicle mortgage release: 1. For the owner to release the mortgage: identity proof of the owner and the mortgagee (a copy of the bank's organization code certificate), the bank's power of attorney with an official seal, the registration certificate (with mortgage release information noted), and filling out forms at the vehicle management office. 2. For a third party to release the mortgage: a power of attorney, identity proof and copies of the vehicle owner and mortgagee; 'Motor Vehicle Mortgage Registration/Pledge Record Application Form'; in cases where the mortgage is released through court mediation, ruling, or judgment, the vehicle owner or mortgagee must also submit the effective 'Mediation Agreement', 'Ruling', or 'Judgment' issued by the court, along with the corresponding 'Notice of Assistance in Execution', and the motor vehicle registration certificate.