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I am transferring my car from Bangalore to Hyderabad. I am closing my loan and planning to apply for NOC. How much time will it take for the NOC to be issued ? Will it be delivered to address given in Form 28 or do I have to collect it personally ? Also, as i am closing the loan do i need to first apply for hypothetication removal before applying NOC or i can directly apply for NOC ?
I am transferring my car from Bangalore to Hyderabad. I am closing my loan and planning to apply for NOC. How much time will it take for the NOC to be issued ? Will it be delivered to address given in Form 28 or do I have to collect it personally ? Also, as i am closing the loan do i need to first apply for hypothetication removal before applying NOC or i can directly apply for NOC ?
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PrabhatAnswered on July 18,2019
You can apply for NOC with or without removing hypothecation. If you are applying for NOC without removing hypothecation then you need to Consent of Financier on CMV Form 28.
Once you submit all the applications, RTO will obtain a report of the vehicle from police authority to check if the vehicle is involved in any criminal case or stolen.If there are no incidence, then RTO will issue NOC in around 7–20 business days.
To the best of my knowledge, they won't mail it to you. You have to get it from RTO or hire an agent to do so.
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