Hypothecation(HP) cancellation/ removal from RTO in Mumbai
Hypothecation(HP) cancellation/ removal from RTO in Mumbai is done by Regional Transport Authority/office ( RTA/RTO) . If a vehicle is purchased on loan from a financier the same would be endorsed in the registration certificate. As soon as loan gets over , One must get hypothecation removal or termination done . Its important because :
- Ownership can not be transferred without removal of Hypothecation from the vehicle
- NOC for other RTO will not be issued without doing HP removal
- In case of loss of RC , application for duplicate RC needs to be endorsed by financer also
Hypothecation(HP) cancellation/ removal from RTO in Mumbai online
Itzeazy provides Consultancy for Hypothecation deletion/termination of vehicle(car/bike) in Mumbai , provides end to end assistance in all documentation support to the clients. In case you had bought your vehicle through Bank Financing, the vehicle would be hypothecated (HP) with the bank and name of the bank would appear in your RC book. Once you have cleared the loan, you should get the HP deleted. We will take you through step wise procedure of getting NOC from bank for HP deletion in respective forms, required documentation and make your due representation with RTO office.