Form 34 - Entry of Hypothecation/Lease/Hire Purchase

Overview

Form 34 is used to record financier agreement details (hire purchase, lease, or hypothecation) in the vehicle registration records.

When To Use

• Vehicle financed after registration.
• Adding hypothecation or lease details in RC records.
• Recording financer agreement for loan-backed vehicles.

Keep These Details Ready

• Vehicle registration details and owner identity documents.
• Financier agreement details and institution information.
• Supporting signatures from owner and financier as required.
• Any additional state-specific documentation.

Typical Process

1. Fill Form 34 with owner, vehicle, and financier details.Step 1
2. Get required signatures and verification.Step 2
3. Submit to registering authority for record update.Step 3
4. Collect acknowledgement and updated entry confirmation.Step 4

Important Notes

• Agreement and name details should exactly match financial records.
• Any mismatch can delay hypothecation entry.
• Store updated documents safely for future closure/termination.