LTO to impose up to PHP40K penalty if you dont transfer vehicle registration

[Motortrend]

from what i understand, you have to have an original document deed of sale of each and every time the car was sold.
you will have to trace each previous owner...

bottomline... mukhang malabo, po.

Yes, I agree. Even a lawyer will not be able to do much.

[Ry_Tower]

from what i understand, you have to have an original document deed of sale of each and every time the car was sold.
you will have to trace each previous owner...

bottomline... mukhang malabo, po.

Yes, I agree. Even a lawyer will not be able to do much.

Nope. Since Open Deed of Sale ("ODS"), yung original owner lang na nakalagay sa CR ang need na nakapirma (plus one valid ID) then the current buyer can sign the ODS at tatanggapin yan ng LTO para malipat registration.

Done that many times already. Walang bumalik na tinanggihan ng LTO. Problem lang dyan talaga is if yung ODS is walang ID (with wet signature) ng orig owner na kasama.

Kaya nga "Open", meaning walang nakalagay at nakapirmang buyer.

Baka hindi pa kayo nakakakita ng ODS?

[dr. d]

Nope. Since Open Deed of Sale ("ODS"), yung original owner lang na nakalagay sa CR ang need na nakapirma (plus one valid ID) then the current buyer can sign the ODS at tatanggapin yan ng LTO para malipat registration.

Done that many times already. Walang bumalik na tinanggihan ng LTO. Problem lang dyan talaga is if yung ODS is walang ID (with wet signature) ng orig owner na kasama.

Kaya nga "Open", meaning walang nakalagay at nakapirmang buyer.

Baka hindi pa kayo nakakakita ng ODS?

ah yess...
that's the beauty of open deed of sale.