Nominee to cars and bikes
Until recently, selling a deceased person’s automobile or motorcycle was a time-consuming process.
If the funds received were not enough to buy a new car they were liable to get a car loan. The family member had to transfer ownership to the legal heir and follow the processes, which included repeated trips to various offices.
It’s also possible that the method will differ from one Regional Transport Office to the next. If the deceased’s and legal heirs’ cities are different, the process may be considerably more difficult.
Nomination for Vehicles
Everything is about to change. The Central Motor Vehicles Rules, 1989, have recently been updated by the Ministry of Road Transport and Highways.
A person can now be named in the registration certificate by the car owner. In the event that the car owner passes away, the nominee might have ownership changed to his or her name.
When purchasing an automobile, as well as afterwards, the owner can name a candidate. The owner must provide evidence of identification when mentioning the nominee.
Procedure of Nomination
The nominee must notify the registering authorities of the owner’s death within 30 days of the owner’s death. If this is done, the candidate can drive the car for three months as if he or she were the owner.
To transfer ownership in his or her name, the nominee must also complete Form 31 within three months of the owner’s death.
The owner can also alter the nominee in the event of a divorce, property split, or asset transfer, but not while selling the car.
If the vehicle is financed, the nominee must first pay the lender. After the lender issues a no-objection certificate, the transfer will take place.
The nomination facility should make car transfers easier in the event of the owner’s death. It should also be able to save time and effort in the process.