MOTOR VEHICLE TRANSACTIONS

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    NAME: ANNOTATION AND CANCELLATION OF MORTGAGE (MISCELLANEOUS TRANSACTIONS)

      OFFICE OR DIVISION: LTO District Offices (DO) / Extension Offices (EO)

      CLASSIFICATION: Simple

      TYPE OF TRANSACTION:

        G2C - Government to Citizen
        G2B - Government to Business
        G2G - Government to Government

      WHO MAY AVAIL
      Motor vehicle owners
      CHECKLIST OF REQUIREMENTS
      ADDITIONAL REQUIREMENTS

      I. Annotation of Mortgage and other Liens or Encumbrances
        1. Original Certificate of Registration (CR)
        Where to secure: Registered Motor Vehicle owner, issuing Land Transportation Office (LTO) District Office / Extension Office
        2. One (1) copy of duly annotated chattel mortgage contract with Official Receipt(OR) duly stamped and signed
        Where to secure: Registry of Deeds


      II. Cancellation of Mortgage or other Liens and Encumbrances
        1. Original Certificate of Registration - Encumbered (CRE)
          In the absence of original CRE, original copy of Affidavit of Loss
        Where to secure: Registered Motor Vehicle owner, financial institution, issuing Land Transportation Office (LTO) District Office / Extension Office
        2. Certified copy of cancellation or release of Chattel Mortgage duly stamped and signed by the Registry of Deeds
        Where to secure: Financial Institution
        3. Original Official Receipt (OR) of recording fee
        Where to secure: Registry of Deeds
        4. Duly accomplished Motor Vehicle Inspection Report (MVIR)
        Where to secure: Land Transportation Office District Office/Extension Office


      III. Cancellation of Mortgage when the financing company (mortgagee) no longer exists and the release Mortgage Contract is missing
        1. Original Certificate of Registration - Encumbered (CRE)
          In the absence of original CRE, original copy of Affidavit of Loss
        Where to secure: Registered Motor Vehicle owner, financial institution, issuing Land Transportation Office (LTO) District Office / Extension Office
        2. One (1) Original Affidavit of Undertaking
        Where to secure: Registered Motor Vehicle owner
        3. Original Certification stating that the financing company is no longer in existence
        Where to secure: Securities and Exchange Commission (SEC) / Bangko Sentral ng Pilipinas (BSP)
        4. Original Surety Bond based on the fair market value of the motor vehicle valid for one (1) year
        Where to secure: Accredited insurance companies
        4. Original Affidavit of Publication
        Where to secure: Newspaper of general circulation

        Note:

        a. Government issued ID's - Philippine Identification (PhilID) Card, Philippine passport, Social Security System (SSS) Card, UMID Card, PhilHealth ID, TIN Card, Postal ID, Voter's ID, Barangay ID, Professional Regulation Commission (PRC) ID, Senior Citizen ID, OFW ID, Overseas Workers Welfare Administration (OWWA) ID, National Council of Disabled Affairs (NCDA) ID, Solo Parent ID,Voter's Certification, Government Services and Insurance System (GSIS) e-Card, Seaman's Book, Government Owned and/or Controlled Corporations (GOCC) ID, Home Development Mutual Fund (HDMF) ID, Department of Social Welfare and Development (DSWD) Certification, Integrated Bar of the Philippines (IBP) ID