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Endorsement of HP

How to do hypothecation endorsement of a vehicle?

RC Status
Endorsement of HP

HP endorsement refers to an application for making an entry of hire-purchase, lease or hypothecation agreement in the certificate of registration of the motor vehicle.

Procedure for the endorsement of HP

  • Apply for making an entry of hire-purchase, lease or hypothecation agreement in the certificate of registration of a motor vehicle in Form No. 34, duly signed by the registered owner of the vehicle and the financier.
  • Provide certificate of registration and the appropriate fee as specified in rule 81 of the Central Motor Vehicle Rules 1989.

Requirements for the endorsement of HP

  • Application in Form No. 34.
  • Certificate of registration.
  • Certificate from financier for having retained full dues from the financier (for deletion case only).
  • Proof of address.
  • Valid insurance certificate.
  • Pollution under control certificate.
  • R.C.Book.
  • Copy of PAN card of Form No. 60 and Form No. 61 (as applicable)
  • Chassis & Engine pencil print.
  • Signature Identification of owner.