RTO Form 35: Application for Termination of an Agreement of Hire-Purchase or Lease or Hypothecation

Sometimes automobile owners purchase their vehicles under hire-purchase or lease or hypothecation agreements with Financiers. Here, the name of the Financier remains mentioned on the original Registration Certification (RC). However, after you pay off the loan, you can apply for the termination of the hypothecation by submitting RTO Form 35 to the Registering Authority. The officials will endorse the application and record the cancellation of the agreement in the RC. Fill Form 35 in triplication if the original Registering Authority is different, as the RTO sends a copy of the application to the Initial Registration Authority and the Financier through registered post.

How to fill RTO Form 35 Application?

RTO Form 35 has two sections. The introductory part includes details about the Registered Owner and the Financier, and the concluding part is an official endorsement regarding the termination of the hire-purchase or lease or hypothecation agreement. Detailed below is a step by step process of filling up Form 35.

Documents to be Attached

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Key Factors to be considered while filling Form 35

Conclusion

Finally, we can say that RTO Form 35 is a crucial document as numerous auto-owners purchase their vehicles under hire-purchase or lease or hypothecation agreements. After the payment of the loan, it is necessary to cancel the deal with the Financier. You need to submit Form 35 for recording the termination of the agreement between the Financier and the Registered Owner on the Registration Certification.