Without the settlement certificate, you can't prove that you have paid off the vehicle loan, so you can't transfer ownership and get a license. Because the vehicle registration certificate when handling the car loan is mortgaged in the bank, you need to issue a settlement certificate after paying off the loan, and get back the vehicle registration certificate, vehicle certificate, car purchase contract and mortgage materials. Then bring the above materials, personal ID card and repayment bank card to dmv for cancellation of mortgage registration, and then you can go through the formalities of transfer and licensing.