PageContent1Vehicle Transfer1 To apply for active loans:Must have the required legal age.Minimum of 12 payments done.Fully filled out credit application, including loan number.Verification of employment and income on an original letterhead, with an original signature.If you have your own business, include a certified copy of your most recent tax return or a copy with the Treasury stamp, or a copy of the most recent financial statements prepared by an actively licensed CPA.In the case the applicant is a corporation, the person must a have a corporate resolution authorizing that person to sign all transaction documents.Services charges may apply. To formalize the transfer of an active loan, once your application is approved:Make an appointment to start the transfer process (calling our FirstLine Solutions Center at 787.725.2511, or toll free anywhere from Puerto Rico at 1.866.695.2511.Your current loan cannot have any pending payments. Property Insurance company endorsement or evidence that the policy is paid in full and not financed (double interest coverage).In case there is no insurance evidence provided, we will automatically add a Unilateral coverage to the balance of the loan, which could result in a raise of the monthly payment. If the customer chooses to switch this Unilateral Single Interest coverage, we will only accept a Double Interest one for the term of the contract, paid in total without any financing aid. If the vehicle has an extended warranty contract, it will be the responsibility of the original owner to notify that such vehicle has been transfered.Internal revenue stamps, if they apply.Copy of Social Security card or any other photo ID.Original license of the vehicle (conventional loan).Copy of your most recent water, electricity or telephone bill. Title Transfer Conventional Loan:10 working days must have passed since the pay-off, except if payment is made in cash.You can apply for the Title Certificate at our Auto Client Service through FirstLine Solutions Center, at 787.725.2511, or toll free from the Island at 1.866.695.2511, from 6:00am to 12:00 midnight, 7 days a week. You should indicate whether you prefer to receive it by mail or if you prefer to come by and pick it up.Title will be processed as indicated by the customer in a maximum of five (5) working days. Leasing:10 working days must have passed since the pay-off, except if payment is made in cash.For additional details, you can call our FirstLine Solutions Center at 787-725-2511, or toll free from the Island at 1-866-695-2511. Renewal of Vehicle RegistrationService available at our any branches.Current account with the lease up to date.If another person, not the customer, is paying for your proof of vehicle inspection, this person must present a letter from the customer authorizing him to perform the transaction, together with photo ID and signature of the customer. The person who is performing the transaction must also show a photo ID.A certificate of inspection is not required if the car is from the current year or the year before.Evidence emitted by the general agency or insurance company for:Renewal of annual policy and a certification of payment that indicates that the policy has been paid in full without mediating financing.Public Liability coverage with limits up to $100,000/$300,000/$50,000. The compulsory insurance plan does not substitute the coverages we require.If you renew your vehicle inspection certificate in any of our branches, you can make the payment in cash, money order or certified check against any of your accounts with us, for the amount indicated on the notification that we send you, plus any additional service charges that may apply. If you are processing this transaction at our Auto Service Center, you will be able to pay with a money order, certified check against any of our accounts, or with ATH, Visa, MasterCard or American Express. They do not accept payments in cash. Endorsement of Insurance Claim CheckService available at any of our branches.The customer must be present. If not, the person must bring written authorization and a copy of the customers identification and his identification. Customer must endorse the insurance company’s check. Repaired autos:Check is endorsed only after customer has brought the car in to be inspected.Loan must be current. Without repairs:Endorsement of check of up to $800, with a current account.Endorsement of check from $801-$1,500, with 12 payments, current account and excellent credit.A check for $1,501-$4,000 is substituted for a check in the name of the customer and the garage with a commercial endorsement, as long as the loan is current, with excellent credit and at least 12 payments have been made.For checks in excess of 4,000, 50% is retained and the check is emitted for half in the name of the customer and the garage. Once it is repaired, the customer must bring the car to be inspected and pick up the amount retained. Learn about our Auto Insurance plans2 Call Us 1-866-695-2511
