Short and simple. ORCR means official receipt / certificate of registration. In the auto industry and car world, particularly in the Philippines, the OR/CR corresponds to the title of your vehicle property. It is the equivalent of your real estate property title otherwise called in Tagalog as "titulo". This is also a 2-piece paper document, each having its own purpose and appearing physically different from each other. The OR is colored bluish while the CR is yellowish in color.
ORCR Sample Taken from TopGear.Com.Ph
OR CR also pertains to the most important document that a car can be distinguished from all other cars there are in the Philippines. It identifies a particular vehicle uniquely based from the stated OR number, engine and chassis number as it appears in the CR. Its partner document, the official receipt also had its own unique serial number or OR number.
The car registration receipt number cannot be altered or changed. In terms of vehicle details, it is allowed but only if you make some changes in the ownership, color, engine, chassis and other major parts. On the other hand, if any of the above-mentioned changes were made to the vehicle, these changes must be applied to the CR by opting for a change of detail in the LTO and Registry of Deeds.
Among all these changes, the most popular is the change of ownership. Just like when a real estate property owner sells or buys one, the ownership details must be changed to the new owner. Otherwise, any legal implications may apply or may result to discrepancy.
However much valuable a land or house and lot title may be to its owner, the OR/CR of your vehicle stands as important. First, it has many valuable uses for the holder and owner. It can be used in bad intent and good purposes. For the sake of discussion, I will just allow positive uses here in our blog review page. Apart from having 1 ORCR meaning, there are actually so many uses. We have enumerated a few below.
Bottomeline - there may be other available ORCR meaning out there. If you have anything to add to our article here, please use our comment form. We would be glad to have your thoughts added in our page. Thank you.
If you read this article and is interested to apply for our OR CR sangla loan product here at Fast Loan Philippines, please fill up our online application form below. We will call you ASAP.
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