Hypothecation Cancellation

Hypothecation Cancellation 1 | myrto.in | RTO Consultant | RTO Agent | Pune

If you purchased a vehicle on loan from the Bank or Financier, the same is endorsed in the Registration Certificate.
After the loan on the vehicle is closed, you need to remove the Bank or Financier’s name from the Registration Certificate within 90 days.

Hypothecation Cancellation 2 | myrto.in | RTO Consultant | RTO Agent | PuneRequired Documents
Registration Certificate (R.C.)
Original
Chassis No. Trace (Affix Pencil Print)
5 Copies
Valid Insurance
Photocopy
Valid Pollution Under Control Certificate (P.U.C.)
Photocopy
NOC of Bank or Financier (NOC Certificate Issued Should Be Within 90 Days)
Original
Form No. 35 Dully Signed by Bank Manager and Registered Owner
Original
New Owner’s Photo
1 Passport Size Photograph

Reference

  • The Motor Vehicles Act 1988 (Section 51 of Chapter IV)
  • The Central Motor Vehicles Rules 1989 (Rule 61)
  • Official Transport Department Website: Follow Link