LTO: Chattel Mortgage Required for Motor Vehicle Registration

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LTO MEMORANDUM CIRCULAR NO. 678-2006: LTO: Chattel Mortgage Required for Motor Vehicle Registration

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Title Supreme Court: LTO: Chattel Mortgage Required for Motor Vehicle Registration

Law: Lto Memorandum Circular No. 678-2006

Decision Date: Feb 10, 2006

LTO Memorandum Circular No. 678-2006 mandates that the registration of mortgaged motor vehicles requires the presentation of a registered chattel mortgage, with strict enforcement and penalties for non-compliance by LTO personnel.

mortgage

chattel mortgage

motor vehicle

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