RTO Form 36: Application for Issue of a Fresh Certificate of Registration in the Name of the Financier

Sometimes, auto owners purchase vehicles under hire-purchase or lease or hypothecation agreements but eventually fail to pay off their loans. In such a scenario, Financiers take possession of automobiles and apply for the issuing of a fresh Registration Certificate (RC) by filling up RTO Form 36. It helps to establish them as the new owner of the vehicle. This RTO application is unique because here, the applicant is the Financier instead of the original Registered Owner of the motor.

How to fill RTO Form 36 Application?

Unlike other RTO applications, Form 36 consists of only a single section where the Financier requests for the issuing of a fresh Certificate of Registration in their name. Detailed below is a step by step process of filling up RTO Form 36.

Documents to be Attached

Download Application for Issue of a Fresh Certificate of Registration in the Name of the Financier

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Key Factors to be considered while filling Form 36

Conclusion

Finally, we can say that RTO Form 36 is unique than all other RTO documents, as here the Financier is the applicant instead of the automobile owner. If the original Registered Owner purchases a vehicle on hire-purchase or lease or hypothecation agreement with a Financing Company and then defaults on the loan, then RTO Form 36 helps in transferring the automobile to the Financier’s name. The Registering Authority issues a fresh RC with the Financier as the new owner of the motor after the processing of the document.