The loan vehicle shall not be sold before the loan is paid off. Its vehicle registration certificate is still under mortgage. The loan cannot be sold until it is paid off.
According to Article 22 of the Regulations on Vehicle Registration, if a motor vehicle owner uses a motor vehicle as a mortgage, he shall apply to the vehicle management office of the place of registration for mortgage registration; Where the mortgaged property is lost, it shall apply to dmv, where it is registered, for cancellation of mortgage registration.
Article 23 To apply for mortgage registration, the motor vehicle owner shall fill in the application form jointly applied by the motor vehicle owner and the mortgagee, and submit the following documents and vouchers:
(a) the identity certificate of the motor vehicle owner and the mortgagee;
(2) Vehicle registration certificate;
(three) the main contract and mortgage contract concluded by the motor vehicle owner and the mortgagee according to law.
Dmv shall, within one day from the date of acceptance, examine the documents and vouchers submitted, and sign the contents and date of mortgage registration on the motor vehicle registration certificate.
Extended data:
According to the provisions of the motor vehicle registration:
Article 24 Apply for cancellation of mortgage registration
(a) the identity certificate of the motor vehicle owner and the mortgagee;
(2) Motor vehicle registration certificate.
If the people mediate, make a ruling or make a judgment to cancel the mortgage, the owner or mortgagee of the motor vehicle shall fill in the application form and submit the motor vehicle registration certificate, the effective mediation book, ruling or judgment issued by the people, and the corresponding notice of assistance in execution.
The vehicle management office shall, within one day from the date of acceptance, review the submitted documents and vouchers, and annotate the contents and date of cancellation of mortgage registration on the motor vehicle registration certificate.
Twenty-fifth motor vehicle mortgage registration date, mortgage registration cancellation date can be available for public inquiry.
Article 26 In case of any of the circumstances specified in Item (1), (7), (8) and (9) of Article 9 or Item (2) of Article 20, mortgage registration shall not be handled. Do not apply for mortgage cancellation registration.
Article 9 In any of the following circumstances, registration shall not be granted:
(1) The certificates and vouchers submitted by the motor vehicle owner are invalid;
(2) The certificate of origin of the motor vehicle has been altered or the owner of the motor vehicle recorded in the certificate of origin of the motor vehicle is inconsistent with the identity certificate;
(three) the certificates and vouchers submitted by the owner of the motor vehicle are inconsistent with the motor vehicle;
(four) motor vehicles produced without the permission of the competent department of motor vehicle products in the State Council or imported without the permission of the competent department of motor vehicle import in the country;
(five) the technical data related to motor vehicles are inconsistent with the data published by the competent department of motor vehicle products in the State Council;
(six) the model, engine number, vehicle identification code or related technical data of the motor vehicle do not meet the national safety technical standards;
(seven) the motor vehicle has reached the compulsory scrapping standard stipulated by the state;
(eight) the motor vehicle is sealed up or detained by the people, the people's procuratorate and the administrative law enforcement department according to law;
(9) The motor vehicle is stolen or robbed;
(ten) other circumstances that do not conform to the provisions of laws and administrative regulations.