To Whom Is the Green Book of a Used Car Loan Mortgaged?

[IanRose]

Vehicle green book is mortgaged to the lending institution. Below is more information about the vehicle green book: Introduction: The 'Motor Vehicle Registration Certificate' is essentially the vehicle's household registration book, commonly referred to as the 'green book'. If you need to purchase a car through installment loans, you will need to mortgage the Motor Vehicle Registration Certificate. During the mortgage period, the green book is kept by the vehicle management office on your behalf. After the mortgage is lifted, it is kept by the vehicle owner and does not need to be carried in the vehicle. Notes: For motor vehicles registered before the implementation of the Motor Vehicle Registration Certificate, if the certificate has not been applied for, the vehicle owner can apply for it at the local vehicle management office. However, if the vehicle owner applies for modification, transfer, or mortgage registration, the Motor Vehicle Registration Certificate must be applied for at the vehicle management office before the application.