Termination of hire purchase, lease or hypothecation of a vehicle Kerala RTO

Rule 61 of Central Motor Vehicles Rules, 1989 specifies that an application for making an entry of termination of hire purchase, lease or hypothecation agreement in the certificate of registration of a motor vehicle shall submitted in form 35 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. As per section 51 ©, of Central Motor Vehicle Act, 1988 this application shall be filed before the last registering authority.

The total fee payable for making and entry of termination hire purchase, lease or hypothecation agreement in Kerala State is Rs 200.00 which includes the fee of Rs 100.00 and service charge of Rs 100.00. This service is not rendered at fast track counter as the verification of the genuineness of the form 35 submitted is a time consuming process.

The time allotted for completing the process and sending the registration certificate with an entry regarding the termination of hire purchase, lease or hypothecation agreement to the registered owner in the address entered in the certificate of registration is two days if the financier is within Kerala and thirty days if the financier is outside Kerala as per the citizens charter of motor vehicles department, Kerala.   A self addressed cover with stamps affixed for sending it by registered post will also have to be submitted by the applicant along with the application for      making and entry of termination hire purchase, lease or hypothecation agreement.

               The second copy of the application in form 35 is intended to be sent to the financier by the concerned R.T.O/Joint R.T.O authenticating the fact that an entry regarding the termination of hire purchase, lease or hypothecation agreement had been entered in the certificate of registration and in the records maintained in the office

But due to the heavy work load in the office copy of  form 35  is  not sent by post to the financier.

  

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.