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This document is an affidavit for a repossessed motor vehicle. It provides information for transferring ownership of a repossessed vehicle to the lienholder. The affidavit states that the vehicle was repossessed due to the owner's failure to meet legal obligations for the vehicle, and that the repossession was not intended to circumvent vehicle insurance responsibility laws. It requires the lienholder to select the repossession method and provide supporting documents to transfer title, such as a sheriff's bill of sale or security agreement documents. The authorized agent of the lienholder must sign the affidavit to certify the vehicle was repossessed.

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340 views

How

This document is an affidavit for a repossessed motor vehicle. It provides information for transferring ownership of a repossessed vehicle to the lienholder. The affidavit states that the vehicle was repossessed due to the owner's failure to meet legal obligations for the vehicle, and that the repossession was not intended to circumvent vehicle insurance responsibility laws. It requires the lienholder to select the repossession method and provide supporting documents to transfer title, such as a sheriff's bill of sale or security agreement documents. The authorized agent of the lienholder must sign the affidavit to certify the vehicle was repossessed.

Uploaded by

Hazel-mae Labrada
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Affidavit for Repossessed Form VTR-264

(Rev. 03/10)

Motor Vehicle Page 1 of 1

Submit this form, along with any transfer documents, to your county tax assessor-collector's office for
processing.
YEAR MODEL MAKE BODY STYLE

VEHICLE IDENTIFICATION NUMBER TEXAS CERTIFICATE OF TITLE DOCUMENT NUMBER

This vehicle was repossessed because of the failure of the owner(s) to meet the legal obligation regarding the vehicle. This
repossession is not made with intent to defeat the purpose of the Texas Motor Vehicle Safety Responsibility Act, which
provides that a person cannot legally operate a motor vehicle in Texas without liability insurance coverage.

METHOD OF REPOSSESSION: PLEASE MARK THE APPROPRIATE BOX.


SUPPORTING DOCUMENTS MUST BE ATTACHED TO THE TITLE APPLICATION WITH THIS AFFIDAVIT.

TERMS OF SECURITY (LIEN) AGREEMENT


If a lien is not recorded on the Texas Title. The lienholder (dealer included) must apply for a Texas Certificate of
Title in their name with a copy of the security agreement before reselling the vehicle.

SEQUESTRATION
The original or a certified copy of the Sheriff's Bill of Sale must be attached to the title transaction.
(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


DEALERS GENERAL DISTINGUISHING NUMBER

PRINT DEALER NAME

A Floor Plan lien covers vehicles in a dealers 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 dealers name. In such
instances, an application for title in the name of the purchaser must be supported by the following documentation:

1. Manufacturers certificate or certificate of title properly assigned to the dealership and reassigned to the
purchaser by the lienholder.
2. Form VTR-264, Affidavit for Repossessed Motor Vehicle.
3. Photocopy of the Security Agreement or Secretary of States Form UCC-1.

This is to certify that the undersigned has repossessed the above motor vehicle.

NAME OF LIENHOLDER (AREA CODE) PHONE OF AUTHORIZED AGENT

PRINTED NAME OF AUTHORIZED AGENT SIGNATURE OF AUTHORIZED AGENT

Before me, this day personally appeared the above affiant who by me being duly sworn upon oath says that the statements
set forth above are true and correct.

Subscribed and sworn to before me this day of , year .

Notary Public

Notary Public County, Texas

WARNING: State law provides that falsifying information on any required statement or application is a third degree felony.

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