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Land Transportation Office to penalize unregistered sale of vehicles

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Col Rootentoot

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LTO to penalize unregistered sale, mortgage of vehicles soon


Land Transportation Office (LTO) chief Vigor Mendoza recently said that the LTO is eyeing to penalize the unregistered sale or mortgage of vehicles in the country by mid-June.


By: Charie Abarca  Inquirer.net  June 02 / 2024



MANILA, Philippines—The Land Transportation Office (LTO) is looking to penalize the unregistered sale or mortgage of vehicles in the country by mid-June.


LTO Chief Assistant Secretary Vigor Mendoza II said in a radio interview on Friday they will soon release a memorandum on the new policy.


“Kailangan ‘yung pagbebenta o pagsasangla ng sasakyan kailangan po naka rehistro sa LTO. ‘Pag hindi ‘yan naka-rehistro o hindi nareport ang pagkabenta, eh may penalty po ‘yan na ipapataw natin,” he said over Radyo 630.


(The sale or mortgage of vehicles needs to be registered with the LTO. If it’s unregistered or its sale is unreported, we will impose a penalty.)


Online Registration


According to Mendoza, the registration will be conducted online to ease the burden of listed vehicle owners.


“We’d like to do it online, no? Para madali lang ‘yung introduksyon at hindi mahirapan ‘yung tao. Inaayos lang po namin itong online system na pwede nilang i-correct ‘yung kanilang data sa kanilang rehistro o lisensya para hindi na sila mismong pumunta sa LTO,” he said.


(We’d like to do it online so that the introduction is easy and the car owner won’t find it difficult to follow. We are just fixing the online system where they can correct their data in their registration so they don’t have to go to the LTO office personally.)


“Pagkaayos po nyan—we’re looking sometime in the middle of June na ma-implement na po natin ito [at] ma-start na po natin ‘yung implementation ng pagrereport ng mga paglilipat-lipat ng sasakyan,” he added.


Mendoza said the LTO will give ample time for all registered vehicle owners to comply with the policy change. He added that the agency only wants all information on their registration database to be accurate.


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bigpearl

Thrilling. Plagiarism? Copy and paste?


Cheers, Steve.

Bhavna

@bigpearl


Hello, this is not plagiarism, the source has been cited and dated.


Regards

Bhavna

bigpearl

My apologies to all.


Cheers, Steve.

danfinn


    `LTO to penalize unregistered sale, mortgage of vehicles soonLand Transportation Office (LTO) chief Vigor Mendoza recently said that the LTO is eyeing to penalize the unregistered sale or mortgage of vehicles in the country by mid-June.By: Charie Abarca  Inquirer.net  June 02 / 2024 MANILA, Philippines—The Land Transportation Office (LTO) is looking to penalize the unregistered sale or mortgage of vehicles in the country by mid-June.LTO Chief Assistant Secretary Vigor Mendoza II said in a radio interview on Friday they will soon release a memorandum on the new policy.“Kailangan ‘yung pagbebenta o pagsasangla ng sasakyan kailangan po naka rehistro sa LTO. ‘Pag hindi ‘yan naka-rehistro o hindi nareport ang pagkabenta, eh may penalty po ‘yan na ipapataw natin,” he said over Radyo 630.(The sale or mortgage of vehicles needs to be registered with the LTO. If it’s unregistered or its sale is unreported, we will impose a penalty.)Online RegistrationAccording to Mendoza, the registration will be conducted online to ease the burden of listed vehicle owners.“We’d like to do it online, no? Para madali lang ‘yung introduksyon at hindi mahirapan ‘yung tao. Inaayos lang po namin itong online system na pwede nilang i-correct ‘yung kanilang data sa kanilang rehistro o lisensya para hindi na sila mismong pumunta sa LTO,” he said.(We’d like to do it online so that the introduction is easy and the car owner won’t find it difficult to follow. We are just fixing the online system where they can correct their data in their registration so they don’t have to go to the LTO office personally.)“Pagkaayos po nyan—we’re looking sometime in the middle of June na ma-implement na po natin ito [at] ma-start na po natin ‘yung implementation ng pagrereport ng mga paglilipat-lipat ng sasakyan,” he added.Mendoza said the LTO will give ample time for all registered vehicle owners to comply with the policy change. He added that the agency only wants all information on their registration database to be accurate.--        -@Col Rootentoot

This discussion would seem to apply to sales/chattel mortgages of vehicles between private individuals. I will note that there has been much controversy here about *dealers* selling 'not yet registered' new vehicles and at sale closing they are asked to sign statements saying you will not drive the vehicle until the vehicle gets registration from the dealer or manufacturer. I am unsure why there is an issue but it is quite substantial over here. This can be quite a problem because checkpoints have been enforcing the registration laws; the buyer is basically screwed, fined, vehicle may be seized  and I would never sign such a statement and would never pay for the car or sign for a loan  until the dealer provided the LTO CR certificate...*not all foreigners.here have been insisting on this* probably because they first hear about this at sale closing. Not all dealers are problematic; Toyota seems to have the ability to get registered but Geely (Chinese Manufacturer) asks you to sign the promise not to drive till registered. Many motorcycles seem not to be regustered at closing. The license plate is not a big deal because you can have one made but the registration certificate is the big issue. We have seen this problem with motorcycles, cars, tuk tuks etc.. So in the case of Dumaguete, maybe the most important effect of this law will be to force a correction where vehicle dealerships register what they sell and transactions between private ibdividual will be second greatest impact. Actually, over here amongst local Filipinos, they often buy and sell by money only and do not change registrations because it is cheaper and less complicated to do it that way. From their petspective, who cares?

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