Where is the SAIC Finance green book mortgaged?
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SAIC Finance green book is mortgaged at the lending institution (bank or other financial institution). Generally, the green book will be stamped with "mortgaged" to indicate that the vehicle has been mortgaged to a certain institution. The following is an extended introduction: Retrieving the green book after paying off the car loan: Only after the car loan is fully repaid can the borrower obtain a clearance certificate from the lending institution and successfully retrieve the vehicle's green book. This means that before the loan is fully repaid, the ownership of the vehicle temporarily belongs to the lending institution, and the owner only has the right to use it. Only after repaying the loan and completing the mortgage release procedures to retrieve the green book does the owner gain full ownership of the vehicle.