Legal basis: Article 22 of the Regulations on Motor Vehicle Registration stipulates that if a motor vehicle owner mortgages a motor vehicle, he shall apply to the vehicle management office at the place of registration for mortgage registration; If the mortgage right is extinguished, it shall apply to the vehicle management office at the place of registration for cancellation of mortgage registration.
What is the mortgage in the green paper on automobiles?
If there is a mortgage on the green paper (vehicle registration certificate) of a car, it is generally caused by two situations:
1. The vehicle was not purchased in full, but by loan, so it was registered with the vehicle management office, and the car loan has not been completed. Only after the customer pays off all the car loans can he get back the mortgaged vehicle registration certificate from the bank/auto consumption finance company, and then go to the vehicle management office to understand the mortgage procedures, and the car can truly belong to the customer.
2. The vehicle has been mortgaged as a mortgage, so it is natural to register the vehicle mortgage at the vehicle management office. Only after the mortgage loan is completed can the user go to the vehicle management office to cancel the vehicle mortgage registration. It should be noted that the vehicle mortgage loan is not only available to the owner, but the spouse or others can also mortgage the car as a mortgage loan with the consent of the owner.
Therefore, users can rest assured that it is not important whether there is mortgage on the vehicle registration certificate, and there will be no adverse effects, as long as the loan under their name is repaid on time.