Bought a 2nd hand car. The owner has 4 payment installments left, so when i bought his car we went to the bank to fully pay his autoloan. He deposited the remaining balance (178k) in his own pnb bank account because he said that his payment method is thru auto debit. We informed the branch manager that i am buying his car and that we are fully paying his auto loan. Question is, how long does it usually take for PNB to release the car's documents?
What are the documents should i receive from them aside from original OR and CR?
Will they clear the encumbrance at the registry of deeds or am i the one who should clear its encumbrance?


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