Short answer
A vehicle pledge must comply with its special registration regime. A private receipt does not always create security effective against third parties. Identify the owner, vehicle and secured claim precisely.
Practical example
The debtor leaves the registration document with the lender but retains ownership and no pledge is registered. Holding the document is not a registered pledge.
What to do
Check VIN, ownership, existing encumbrances and registration requirements. Address use, insurance and sale. Transfer vehicle-secured loan funds cashlessly where required.
Legal basis
Georgian Civil Code — Articles 254, 255, 258, 259, 624¹. Checked on 28 October 2026. The outcome depends on the contract, facts and evidence.
YURFIRMA can review your documents and help prepare the appropriate demand or agreement. Contact us.
This is general information and does not replace a legal assessment of your specific case. The current law and the relevant facts are checked again when you seek advice.