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Repossessed Motor Vehicle Affidavit (Form VTR-264) 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.
Repossession happens when a creditor takes back your vehicle or property because you didn't pay on a loan. The lender can take the thing you borrowed money to buy — but cannot enter your home without permission. Learn how long a repossession stays on your credit report, and how to try to get the property back.
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.
Form VTR-264 – Fill Out and Use This PDF. The VTR-264 form, titled Repossessed Motor Vehicle Affidavit, is a necessary document for lienholders in Texas when a vehicle is repossessed.
Form VTR-264, Repossessed Motor Vehicle Affidavit, is a legal document that is supposed to be used in Texas when a motor vehicle is being repossessed. The purpose of the affidavit is to collect information about the lienholder and the motor vehicle, and pass it to the county tax assessor-collector's office in order for them to make a record.