What does it mean when a vehicle's status is seized?
1 Answers
Introduction to the meaning of vehicle seizure status: A vehicle with a seized status is one that has been prohibited by the court from undergoing registration, modification, transfer, mortgage release, deregistration, or pledge release due to reasons such as economic debt disputes. According to "Order No. 124 of the Ministry of Public Security," during the seizure period, registration, modification, transfer, mortgage release, deregistration, and pledge release are prohibited; however, annual inspections, temporary license plates, and replacement of license certificates are not restricted. Below are three scenarios of vehicle seizure: 1. First scenario: A vehicle purchased through installment payments, with outstanding bank payments, where the bank applies to the court for debt collection, and the court issues a seizure notice to the vehicle management office, prohibiting all services including inspection. 2. Second scenario: A fully paid vehicle, where the owner has outstanding debts, and the creditor applies to the court to first seize the vehicle as security, then determine ownership through a judgment. 3. Third scenario: A vehicle used by criminals to commit crimes or purchased with illicit funds, where the public security bureau seizes the vehicle to recover it, prohibiting inspection, transfer, and other services.
