What is an Affidavit of Loss?
An Affidavit of Loss is a notarized legal document in which the vehicle owner declares the loss of the OR/CR and provides details about how it was lost or stolen. This document is a crucial requirement for processing a duplicate OR/CR with the LTO.
Costs for an Affidavit of Loss
When preparing to obtain an Affidavit of Loss for your OR/CR, you need to consider the costs involved. The fees for securing a notarized Affidavit of Loss can vary, but generally, you can expect the following:
Notarial Services Only:
If you come prepared with your own affidavit, you only need to pay for the notarial services. The cost for notarization typically ranges from PHP 100 to PHP 400.
How Much Does an Affidavit of Loss a CR Cost
Prepare Your Affidavit
You can either draft the affidavit yourself or seek assistance from a legal professional. The affidavit should include:
- Your full name and address
- Description of the lost OR/CR (vehicle make, model, plate number)
- Circumstances surrounding the loss (how, when, and where it was lost)
Visit a Notary Public
Take the prepared affidavit to a notary public for notarization. Ensure you bring a valid ID for identification purposes.
Pay the Notarization Fee
The fee for notarizing the affidavit will depend on the notary’s rates, which typically range from PHP 100 to PHP 400. It’s advisable to inquire about the fee beforehand to ensure you have the correct amount.
Receive the Notarized Affidavit
After paying the fee and completing the notarization process, you will receive a notarized copy of your Affidavit of Loss. This document is now ready to be submitted to the LTO as part of your application for a duplicate OR/CR.
Conclusion
Securing an Affidavit of Loss for your OR/CR is an essential step in the process of obtaining a duplicate from the LTO. The costs for notarization are relatively affordable, ranging from PHP 100 to PHP 400, depending on the notary public you choose. By preparing your affidavit in advance and understanding the associated fees, you can streamline the process and ensure you have all necessary documentation ready for the LTO.
