Must Vehicle Mortgage Release Be Processed at the Original Registration Location?
1 Answers
Vehicle mortgage release must be processed at the original registration location. Generally, the release procedure must be completed at the vehicle management office of the registration location, and it requires personal presence since the vehicle records needed for the release are also stored there. The required procedures for vehicle mortgage release are as follows: After the final installment of the car loan is deducted, it takes approximately 10 working days to retrieve the mortgage documents from the bank handling the car installment payments. To collect the motor vehicle registration certificate, the owner must present their ID card in person. Other potentially required documents include the vehicle license and bank repayment details. Upon receiving the registration certificate, the next step is to visit the local municipal vehicle management office to process the vehicle mortgage release. Required documents include the motor vehicle registration certificate, a loan clearance certificate issued by the lending institution, the lender's organization code certificate, the "Motor Vehicle Mortgage Registration/Pledge Filing Application Form", a power of attorney, and the vehicle owner's ID card. After arriving at the vehicle management office service hall, proceed to the corresponding service window to complete the procedure.
