What is the method for compulsory transfer of a mortgaged vehicle?
1 Answers
The only method for compulsory transfer of a mortgaged vehicle is the transfer of creditor's rights. The following are the circumstances under which the owner of a mortgaged vehicle is responsible in case of an accident: 1. Defects: Knowing or should have known that the vehicle has defects, and these defects are one of the causes of the traffic accident. 2. No driving qualification: Knowing or should have known that the driver does not have a driving qualification or has not obtained the corresponding driving qualification. 3. Legally unable to drive: Knowing or should have known that the driver is legally unable to drive due to drinking, taking controlled substances or narcotics, or suffering from a disease that hinders safe driving. 4. Others: Other circumstances where the owner or manager of the vehicle should be deemed at fault.