Form VTR-264 PDF Details

The VTR-264 form, officially known as the Repossessed Motor Vehicle Affidavit, plays a vital role in the legal framework surrounding the repossession of motor vehicles. Its primary function is to formalize the process by which a vehicle is repossessed, ensuring that all necessary fields are meticulously completed. This includes detailing the vehicle's identification number, year, make, model, and body style, alongside the lienholder's information, which encompasses the name, phone number, and date of repossession. It also mandates the inclusion of an authorized agent's name along with their contact details. The form specifies different methods of repossession, such as through terms of a security (lien) agreement, sequestration, or a floor plan lien, each requiring specific documentation to substantiate the repossession claim. Crucially, this form must be submitted to a county tax assessor-collector's office as part of the title transfer process following a vehicle's repossession. It carries significant legal weight, as falsifying information on the affidavit is considered a third-degree felony under state law, underscoring the seriousness with which this documentation must be handled. By requiring a comprehensive array of information and providing a structure for documenting repossession, the VTR-264 form ensures transparency and legal compliance in these often-complex transactions.

QuestionAnswer
Form NameForm Vtr 264
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namestexas repossessed, texas repo affidavit vtr 264, texas vtr 264, motor vehicle repossessed

Form Preview Example

Repossessed Motor Vehicle Affidavit

Instructions

This form must be completed when a vehicle is repossessed. All fields are required to be completed. Select the applicable “Method of Repossession” and attach any required documentation, if applicable. This completed form must be submitted to a county tax assessor-collector's office in addition to all other required documents at the time of title transfer.

Vehicle Information

Vehicle Identification Number

Year

Make

Body Style

Model

Lienholder Information

Name of Lienholder

Phone Number

Date of Repossession

Authorized Agent Name

Email

Address

City

State

Zip

Method of Repossession – check applicable box

Terms of Security (Lien) Agreement

If the lienholder repossessing the vehicle is recorded on the Texas title, the lienholder may reassign the title to a subsequent purchaser. If the lienholder is not recorded on the Texas title, the lienholder (dealer included) must apply for a Texas title in their name with a certified copy of the security agreement before transferring the vehicle.

Sequestration

The original or a certified copy of the Sheriff's Bill of Sale must be submitted with the title application. (A Writ of Sequestration ordering a sheriff or constable to seize property may be issued by judges and clerks of the district and county courts and justices of the peace.)

Floor Plan Lien

Dealership Name

Dealer’s General Distinguishing Number

A “floor plan” lien covers vehicles in a dealer’s inventory. If the dealer is in default under the terms of the security agreement, the lienholder may repossess and transfer ownership without securing title in the dealer’s name. In such instances, an Application for Texas Title and/or Registration (Form 130-U) in the name of the purchaser must be supported by the following documentation:

Manufacturer’s Certificate of Origin or Certificate of Title properly assigned to the dealership and reassigned to the purchaser by the lienholder, and

Security Agreement or UCC Financing Statement (Form UCC1).

Certification- State law makes falsifying information a third degree felony

I, the authorized agent for the lienholder listed above, certify the statements herein are true and correct and the vehicle described above was repossessed.

Signature of Authorized Agent

 

Printed Name (Same as Signature)

 

Date

NOTARY STAMP HERE

Before me, a notary public, on this day personally appeared

 

 

,

known to me to be the person whose name is subscribed on this document, and being by me first duly

sworn, declared that the statements herein contained are true and correct.

 

 

 

 

 

 

 

 

 

 

State of Texas, County of

 

Notary Public’s Signature

 

Date

 

VTR-264 Rev 08/16

Form available online at www.TxDMV.gov

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How to Edit Form Vtr 264 Online for Free

The texas repo affidavit vtr 264 completing course of action is effortless. Our tool allows you to use any PDF document.

Step 1: Choose the orange "Get Form Now" button on the webpage.

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The following areas will create the PDF form that you'll be filling out:

stage 1 to filling out texas dmv form vtr 264

Please type in the appropriate information in the The original or a certified copy, Floor Plan Lien Dealership Name, Dealers General Distinguishing, A floor plan lien covers vehicles, Manufacturers Certificate of, the purchaser by the lienholder, Certification State law makes, Signature of Authorized Agent, Printed Name Same as Signature, Date, Before me a notary public on this, and NOTARY STAMP HERE space.

Finishing texas dmv form vtr 264 part 2

Write the fundamental details as you are within the VTR Rev, Form available online at, Page of, State of Texas County of, Notary Publics Signature, and Date section.

Filling out texas dmv form vtr 264 stage 3

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