Under what conditions will the Licensing Authority approve change of ownership of a vehicle?

1. After the seller pays and presents a certification from the Pledge Registrar.
2. Correct answer: After the Authority is satisfied that all fees and taxes are paid, that all foreclosures and liens are removed, and that there are no further restrictions.
3. After the buyer of the vehicle pays the lawful fee including property tax for the parking spot.
4. Only after the Pledge Registrar certifies that the vehicle is free of any foreclosure or encumbrance.

WhyThe Authority approves transferring a vehicle to a new owner once it is shown that all fees and taxes are paid and there are no liens, foreclosures or other restrictions.