If you are looking to verify the details and status of an existing franchise, then the Land Transportation Franchising and Regulatory Board (LTFRB) offers a straightforward process to do so. With the help of its Information Systems Management Division (ISMD). LTFRB franchise verification has become so much easier. Plus, it plays a role in confirming the accuracy of franchise records and ensuring transparency and reliability in the transportation industry.
So, whether you’re an individual operator, a part of a cooperative or corporation, or an individual representing someone else, understanding the requirements and procedures can streamline the verification process and provide peace of mind. To help you initiate the franchise verification process, you can read through this guide and prepare essential documents such as valid government-issued IDs and proof of payment for more efficient and reliable LTFRB franchise verification service.
What is LTFRB Franchise Verification
LTFRB franchise verification is the process by which individuals or entities confirm the accuracy and validity of franchise records maintained by the LTFRB. This verification procedure is conducted through the ISMD of the LTFRB. It involves checking the details and status of a franchise of a public utility vehicle (PUV) to ensure transparency and compliance within the transportation industry. It can be initiated by any interested party, provided that they can provide the necessary documents and payment. It doesn’t cost much, too, and is quite easy to complete at the LTFRB offices.
LTFRB Franchise Verification Requests are generally made either by a private individual, a cooperative, or a corporation. It generally requires a personal appearance, but in case this is not possible, the requesting party may send an authorized representative to the LTFRB office. These representatives will need to present and submit proper documentation and make payments before receiving the verified franchise status at the ISMD Help Desk. With a nominal fee and a processing time of approximately three hours and 25 minutes, the LTFRB’s franchise verification procedure is an accessible service granted by the agency in a bid to offer efficient and reliable service to anyone seeking clarity regarding franchise details and status.
Purpose
Franchise verification at the LTFRB serves several purposes, including the following:
- It provides assurance and transparency to stakeholders within the transportation sector.
- It allows individuals or entities to verify the authenticity of franchise records, ensuring that they meet regulatory standards and requirements.
- It helps potential investors or operators make informed decisions about investing in or partnering with a particular franchise.
- By confirming the legitimacy of franchise details and status, LTFRB franchise verification contributes to maintaining integrity and reliability within the transportation industry.
Who can Avail
There aren’t a lot of people who would make a request for franchise verification, but this service is actually available to:
- Any person who intends to check the details and status of a franchise.
Requirements
Before the franchise verification procedures can be initiated, the applicant or requesting party need to prepare the following requirements first:
- One (1) original and completely filled out Franchise Verification Request Form available at the ISMD Help Desk (Door A)
- Presentation of original and one (1) Photocopy of any valid government-issued ID card
- Presentation of original and one (1) Photocopy of Official Receipt of Payment (from the Cashier Windows at Door B, Ground Floor, LTFRB Main Building)
For Authorized Representatives (Individual Operators)
Personal appearance of the petitioner is required. However, if it is not possible for the petitioner to be physically present, an authorized representative is allowed upon presentation of the following requirements:
- Presentation of original and one (1) Photocopy of a Duly notarized Special Power of Attorney (SPA)
- Presentation of original and one (1) Photocopy of any Valid Government-Issued ID Card of the applicant and the representative
For Cooperative and Corporation and Partnership
- Presentation of original and one (1) Photocopy of Board Resolution/ Secretary’s Certificate authorizing the Request for Franchise Verification and designating the authorized representative/s to the request
- Presentation of original and one (1) Photocopy of valid government-issued ID of the authorized representative
Procedures
To learn how to make a franchise verification request from the LTFRB, you must follow these steps:
Step 1. Visit the Information Systems Management Division (ISMD) at the LTFRB Main Building in East Ave., Quezon City if you are in Metro Manila or any of the LTFRB Regional Offices if you are in the regions.
Step 2. If you are visiting the ISMD in the LTFRB Central Office in Quezon City, then proceed to the ISMD Help Desk (Door A) and get the Franchise Verification Request Form from the Data Entry Machine Operator III.
Step 3. Fill out the form and submit it along with the necessary documents at Windows 2 or 3 in the Technical Division for evaluation and assessment.
Step 4. Wait for the Payment Order Slip (POS) to be issued before proceeding to the Cashier Windows (Door B).
Step 5. Wait for your turn at the Cashier Windows (Door B) then make a payment.
Step 6. After making the payment, return to Door A and submit the official receipt of payment.
Step 7. Wait while the ISMD checks for Franchise Information in the Franchise Processing System. Once confirmed, the ISMD will then print and sign the Franchise Verification document.
Step 8. Wait for the issuance of the Franchise Verification document at the ISMD Help Desk.
Fees
The requests for franchise verification at the LTFRB doesn’t cost much. In fact, the only fee that shall be collected for the franchise verification is the Franchise Verification Fee which amounts to only Php 40.00.
Processing Time
The processing time for the verification of franchise at the LTFRB only takes about three (3) hours and twenty-five (25) minutes. However, do note that this time only applies after the submission of the required documents. This processing period also only applies if all the required documents are submitted. If there are other transactions or in cases of incomplete documents, then the processing time may take longer and the costs may be potentially higher.
Summary
Navigating the LTFRB franchise verification process is quite simple, ensuring accessibility for all stakeholders involved. By adhering to the outlined procedures and requirements listed in this guide, individuals and entities can efficiently verify franchise details and status, contributing to transparency and reliability within the transportation industry. With only a nominal fee and a short processing time, LTFRB’s franchise verification service offers a cost-effective and timely solution for those seeking clarity regarding franchise particulars. Whether you’re an individual operator, part of a cooperative or corporation, or representing someone else, this process empowers you to make informed decisions with confidence, ultimately fostering integrity and trust within the transportation sector.