Best Posts in Thread: Crackdown on motorists in dumaguete and surrounding areas
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Brian Oinks That's Mr. Pig to you Boy! :) Highly Rated Poster
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Jack Peterson DI Forum Luminary Highly Rated Poster SC Connoisseur Veteran Air Force
Well I guess we have another Thread that may go on and on in circles but one thing for sure the LTO need to stop putting the cart before the Horse (Unless) they intend to go Backwards and that is certainly happening
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LTO: No OR/CR, no travel policy still in effect-
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Jack Peterson DI Forum Luminary Highly Rated Poster SC Connoisseur Veteran Air Force
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Brian Oinks That's Mr. Pig to you Boy! :) Highly Rated Poster
Quote:
Re:Encumbered CR (certificate of registration)
« Reply #2 on: June 08, 2005, 09:02:37 AM »
Assuming that the LTO people will not give you the run around, i dont think youll have any problems.
An A certificate of Registratin (CR) works like a Certificate of Title to a piece of land. Any encumbrance or lien on the car is annotated on the CR to forewarn any would-be buyers that should they acquire the car, the car is subject to an encumbrance and therefore he shoud be bound by this lien or encumbrance.
Now, as to the removal of the encumbrance, all you have to do is to present to the LTO the cancellation of chattel mortgage. Assuming that it is in the proper form, the cancellation will work to release the car from the encumbrance or lien annotated on the property. The LTO can then annotate in their records and on the CR the cancellation of the encumbrance or the lien.
To transfer the car in your name, just present the deed or instrument effecting the transfer of ownership of the car from the previous owner to you [in your case... a "Deed of Absolute Sale". For others it can be a "Deed of Donation" (pag swerte ka) or a Deed of Extrajudicial Partition or Settlemen of Estate (pag swerte ka rin at may minana kang Porsche or Bentley)] . Assuming again that the document is in the right form, you wont have any problem with LTO, that is assuming again that the LTO people would give you the run around.
I dont think you really have a dilemma. By definition a "dilemma" is a situation where youre presented by two opposing choices or alternatives, i.e., you are "ambivalent" or torn between two options. What you have is a problem on how to proceed with the registration. Nah...am just kidding you.
Good luck.
Encumbered CR (certificate of registration) in Car Talk Board-
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The seller is legally obliged to tell you of any issues like this and if they don't you can rip them a new *sshole in civil and criminal court.-
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If you have a vehicle that is sitting on blocks or used only on private roads and don't want to pay to register it every year you need to turn you plates in when you stop using it. If you have plates you pay for a yearly registration, simple as that.-
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