How to do a release procedure for vehicle mortgage? When a vehicle or machinery is mortgaged to a certain entity, and its owner settles his account with the mortgaging entity and obtains a mortgage release contract from it. The required documents are the mortgage release contract signed by the mortgaging entity (bank, institution, company, or individuals) for private tourism vehicles, a vehicle driving license (vehicle booklet), an identity document copy, and a mandatory insurance in case annual driving fees (mechanics) are due.The release can take place in the section or branch where the vehicle or machinery is registered.Noting that the mortgage release contract must be recorded at the registration clerk's office.
