What should be displayed on the green book after the vehicle's mortgage is released?
2 Answers
After the vehicle's mortgage is released, the green book will show that the mortgage has been lifted. The following are the specific procedures for releasing a vehicle's mortgage: 1. Procedure handling: About 10 working days after the last installment of the car loan is deducted, the bank will notify the individual to go to the vehicle management office with the bank staff to complete the procedures. 2. Preparation of documents: Bring all the necessary documents for mortgage release. These include the "Motor Vehicle Mortgage Registration Pledge Application Form", original and photocopied identity proofs of the motor vehicle owner and the mortgagee, the motor vehicle registration certificate, and relevant documents for motor vehicles whose mortgage is released by court mediation, ruling, or judgment. 3. Procedure process: The bank staff will accompany the individual to the vehicle management office to complete the mortgage release registration procedures. Upon arrival at the vehicle management office, go to the corresponding window and ask the staff to handle the relevant release procedures. Once the procedures are completed, the entire vehicle mortgage release process is finished.
Last month, I just helped a friend complete the release of a car's mortgage, and I still remember it clearly. That day, we went together to the DMV to retrieve the green title. When we flipped to the mortgage registration page in the middle, the original 'Mortgage' notation had been crossed out, and a new stamp reading 'Released' was added, along with a date indicating the release time. The staff said this is standard procedure to avoid future concerns from buyers about ownership issues when selling the car. They also reminded us to carefully check the certificate number, license plate number, and release mark to ensure no details were missed. If you don’t have time to visit the DMV yourself, you can authorize the loan company to handle it, but be sure to personally verify everything once you receive the title. The green title looks much cleaner after the release, with no residual mortgage information left, which feels quite reassuring.
