Dehypothecation: A step by step Process
Dehypothecation What? So whenever you take a vehicle loan for 4 wheeler or 2 wheeler, basically debtor (one who takes loan) pledges a collateral to secure a debt. Once the debtor closes the loan the Registration Certificate (normally called RC Book, it is mostly a Smart card now like a Chip Credit Card) needs to be updated and the process is called Dehypothecation and recently I closed loan for my two wheeler and had to go through this. Now why…