What documents required for hp cancellation in Rajaji Nagar RTO?

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About

HP termination refers to an application for making an entry of termination of agreement of hire purchase, lease or hypothecation agreement in the certificate of hypothecation.

Guidelines

• Apply for making an entry of hire-purchase, lease or hypothecation agreement in the certificate of registration of a motor vehicle in Form 35, duly signed by the registered owner of the vehicle and the financier
• Confirm whether it is the case of termination due to failure to make repayment to financier
• If all dues are cleared then provide certificate of due clearance from financier
• Pay appropriate fee as specified in rule 81 of the Central Motor Vehicle Rules 1989
• If the termination is due to failure of repayment the financier then RC should be issued in the name of financier

Issuance of RC in the name of financier

• Apply for the issue of a fresh certificate of registration in Form 36
• Provide allotment letter of the vehicle
• Provide the insurance certificate
• Pay appropriate fee for transfer of ownership as specified in rule 81 of the Central Motor Vehicle Rules 1989
• A notice will be issued to the registered owner of the vehicle if he refuses to deliver the certificate of registration to the financier or absconds

Documents required

• Application in Form 35
• Certificate of registration
• Allotment letter of the vehicle
• Valid insurance certificate
• Proof of address*
• Pollution under control certificate*
• R.C.Book*
• Attested cop of PAN card or Form 60 and Form 61 (as applicable) *
• No Objection Certificate from financier*
• Chassis & Engine Pencil Print*
• Signature Identification of owner*

Reference

• The Motor Vehicles Act 1988 (Section 51 of Chapter IV)
• The Central Motor Vehicles Rules 1989 (Rule 61)
• State transport official websites