The legal documentation and procedures for vehicle ownership transfer generally require the following key steps and documents:
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Prepare Required Documents:
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From the Seller:
- Original Certificate of Registration (CR) and Official Receipt (OR)
- Notarized Deed of Sale (signed by both buyer and seller)
- Photocopies of two valid government-issued IDs with specimen signatures
- Clearance from the Philippine National Police - Highway Patrol Group (PNP-HPG)
- Release of Chattel Mortgage if the vehicle is still encumbered
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From the Buyer:
- Valid government-issued ID with signature
- Taxpayer’s Identification Number (TIN)
- Proof of insurance, usually updated Compulsory Third Party Liability (CTPL) insurance
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Vehicle Inspection:
- Undergo a vehicle inspection at an LTO-certified private emission testing center (PETC) to verify roadworthiness and emission compliance.
- Obtain a Motor Vehicle Inspection Report (MVIR).
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Submit Documents and Pay Fees:
- Submit all required documents to the original LTO branch where the vehicle was first registered.
- Pay transfer fees, which typically range from around ₱230 to ₱680, covering legal research fund, transfer of ownership, and computer fees.
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PNP Clearance:
- Obtain a clearance from the PNP-HPG to certify the vehicle is not involved in any criminal activity or stolen.
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Processing and Waiting Period:
- The LTO processes the transfer, which usually takes about 5 to 10 working days.
- The buyer should ensure the vehicle ownership is updated to avoid future liabilities such as fines or traffic violations.
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Additional Notes:
- The vehicle may need to be physically presented during the inspection or document submission.
- Make multiple photocopies of all documents for different stages of the process.
This process protects both buyer and seller by legally updating the vehicle’s ownership in official records, ensuring accountability under the Registered Owner Rule.
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