In case the vehicle owner fails to repay the loan as per the agreed terms, the financier has certain legal rights over the vehicle. In such situations, transport authorities may issue RTO Form 37. This form is used to notify the registered vehicle owner to surrender the vehicle's Registration Certificate (RC) so that a fresh RC can be issued in the name of the financier. Read on to know more about the same below.
Read more
Form 37 is an official notice issued to the registered owner of a motor vehicle. It informs the owner that they must surrender the vehicle registration certificate to the Regional Transport Office (RTO). This usually happens when the vehicle financier requests the cancellation of the current registration certificate due to loan default or other financial disputes. Once the certificate of registration is surrendered, the transport authority may cancel the existing RC and issue a fresh RC in the financier's name. This process ensures that the financier's rights are protected according to the loan agreement.
Form 37 is issued by the concerned RTO. The notice is sent to the registered owner of the vehicle after the financier submits a request to cancel the existing registration certificate (RC). The transport authority reviews the request made by the financier before issuing the notice. Once issued, the registered owner is required to respond to the notice or surrender the registration certificate within the specified time.
Form 36 and Form 37 are related to vehicle financing and registration changes, but they serve different purposes. Here are some of the key differences between these two forms:
| Basis of Comparison | Form 37 | Form 36 |
| Purpose | Notice to the vehicle owner to surrender the RC for cancellation. | Application by the financier for the cancellation of the existing RC and the issuance of a new RC in their name. |
| Issued By | Regional Transport Office (RTO) | Financier or financial institution |
| Function | Informs the owner about the proposed cancellation of registration. | Requests the transport authority to transfer the RC to the financier. |
Form 37 contains several important details, including the ones listed here:
You can download a copy of Form 37 by following the steps below:
To fill out Form 37, follow the steps mentioned below:
Form 37 is an important part of the legal process for financed vehicles and changes in vehicle registration. It ensures transparency and fairness before the registration certificate is cancelled. Here are some pointers that highlight the importance of this form:
Although Form 37 is a notice, it may be considered invalid due to the following reasons:
The RTO may cancel the existing RC and issue a fresh RC in the financier's name after due verification.
Form 37 is issued by the Regional Transport Office or the concerned transport authority. It is sent to the registered owner after the financier submits a request to change the registration.
After receiving the notice, the registered owner may need to surrender the registration certificate to the RTO. The transport authority may then cancel the existing RC and issue a new one in the name of the financier.
Yes, the vehicle owner may respond to the notice if they wish to present their case or clarify the situation. The response must usually be submitted within the prescribed time.
No, Form 37 is only a notice informing the owner about the proposed cancellation of the registration certificate. The ownership transfer happens only after the required procedures are completed.
#Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
+Savings are based on the maximum discount on own damage premium as offered by our insurer partners.
^Lowest Price Guaranteed is based on certifications shared by insurers with us. Policybazaar will facilitate price matching subject to the terms and conditions of select insurers.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.
Insurance
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
Policybazaar Insurance Brokers Private Limited CIN: U74999HR2014PTC053454 Registered Office - Plot No.119, Sector - 44, Gurugram - 122001, Haryana Tel no. : 0124-4218302 Email ID: care@policybazaar.com
Policybazaar is registered as a Composite Broker | Registration No. 742, Registration Code No. IRDA/ DB 797/ 19, Valid till 09/06/2027, License category- Composite Broker
Visitors are hereby informed that their information submitted on the website may be shared with insurers.Product information is authentic and solely based on the information received from the insurers.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
© Copyright 2008-2026 policybazaar.com. All Rights Reserved.