Hire Purchase noting - Kerala RTO

              An application for making an entry of hire purchase, lease or hypothication agreement in the certificate of registration of a motor vehicle required under sub section (2) of section 51 of Motor Vehicle Act 1988 has to  be submitted before the R.T.O/Sub R.T. O within whose office the vehicle is presently included The application has to be submitted in form 34 in duplicate duly signed by the registered owner of the vehicle and the financier and shall be accompanied by the certificate of registration and the appropriate fee specified in rule 81 of  Central Motor Vehicle Rules, 1989.

         

         

           The total fee payable for noting hire purchase agreement is Rs 175.00 which includes the fee of Rs 100.00 and service charge of Rs 75.00. This service can be rendered at fast track counter if the applicants comes in person and the records will be received back after completing all the processing within 30 minutes. Please see my article on fast track counters for getting more details about fast track counters.         

          If the service is not rendered in fast track counter, as per citizen’s charter the time prescribed for noting of hire purchase is two days. That is my after 2 days the documents will be sent to the applicant by registered post in the address entered in the certificate of registration after completing all the processing required.

          The second copy of the application in form 34 is intended to be sent to the financier by the  concerned R.T.O/Joint R.T.O authenticating the fact that the hire purchase agreement had been noted in the certificate of registration and in the office record . But due to the heavy work  load in the office these forms are not sent by post to the financier.