LTO MEMORANDUM CIRCULAR NO. 678-2006

: The chattel mortgage must be registered with the Office of the Register of Deeds before any registration transaction of the mortgaged motor vehicle is effected.
: The chattel mortgage must be registered with the Office of the Register of Deeds.
: To ensure that the mortgage is legally recognized and proper verification is done before the motor vehicle registration can be processed.
: They shall be subject to appropriate administrative, civil, or criminal sanctions as allowed by pertinent laws, rules, and regulations.
: No, this procedure is in accordance with the provisions in the Motor Vehicle Manual of Operations and is still in effect.
: Section 4.2.17 of the Motor Vehicle Manual of Operations addresses this requirement.
: It was adopted on February 10, 2006.
: All dealings or transactions on motor vehicles where a chattel mortgage or its release is involved are affected.
: The chattel mortgage registered with the Office of the Register of Deeds must be presented.