If approved by the mortgagee's bank, the car can be sold, and the sold gold and silver bank enjoys the priority of compensation. If the mortgagee illegally handles it, it shall be deemed invalid and restored to its original state. At the same time, compensate the losses caused by it.
Qualitative terms of mortgage sales:
When the lender fails to repay the loan, the bank does not immediately apply for vehicle auction, but collects the loan and interest from the lender. If it is not received, the bank will apply for vehicle auction after the mortgagor apologizes. Of course, the auction can only be conducted after the court accepts it.