Question & AnswerQ&A (LTO MEMORANDUM)
The Affidavit of Loss must be executed by the registered owner of the vehicle or, if the owner is a partnership or corporation, by the President or General Manager.
Misrepresentations included affidavits claiming plates were lost when in fact, the plates were not lost but being continuously used on assigned motor vehicles, leading to misuse.
The affidavit includes a provision for perjury, meaning the declarant is subject to penalties if found to have made false statements under oath.
The affiant must declare that the lost plates were never lent to another person or entity nor confiscated by any other law enforcement agency.
The affiant binds themselves to surrender the recovered plates to the district office that issued the original plates.
The affiant agrees to administrative fines and penalties, including the grounding of the motor vehicle covered by the Certificate of Public Convenience, with waiver of any claims or actions against such measures.
The affidavit can be executed for an LTFRB Petition for Dropping and Substitution, LTFRB Petition for Sale and Transfer, and/or for securing replacement for lost plates.
It creates a safeguard by requiring sworn statements with legal penalties for falsehood, ensuring that only genuine cases of lost plates receive duplicate issuance, thus protecting regulatory objectives and public safety.