Form VTR-264 – Fill Out and Use This PDF

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

Lienholder Information

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.)

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.