The Automobile Lien Release is a crucial document in Indian vehicle financing that formally terminates a lender's security interest in a financed vehicle. It is required when a borrower has fully repaid their vehicle loan and needs to remove the hypothecation notation from the vehicle's registration certificate. The document must comply with the Motor Vehicles Act, 1988, and local RTO requirements, typically including detailed vehicle information, loan reference details, and authorized signatures. This release is essential for establishing clear vehicle ownership and is commonly used in both personal and commercial vehicle financing scenarios across India. The document enables the borrower to obtain a clean title and facilitates future vehicle transfers or sales.

1. Lender Information: Complete details of the financial institution that held the lien, including name, address, and authorized signatory details

2. Borrower Information: Full name and address of the vehicle owner/borrower

3. Vehicle Information: Detailed vehicle identification including make, model, year, VIN/chassis number, and registration number

4. Loan Reference: Original loan agreement details including loan number and date of execution

5. Lien Release Declaration: Formal statement declaring the full satisfaction of the loan and complete release of the security interest in the vehicle

6. Release Date: Effective date of the lien release

7. Authorization: Statement of authority to execute the release and signature block for authorized lender representative