This form must be completed when a vehicle is repossessed. All fields are required to be completed.This form establishes ownership transfer from the previous owner to the repossessing lienholder, ensuring compliance with Texas law. This document affects your legal rights and may give others access to you motor vehicle. Edit, sign, and share repossession hold harmless agreement pdf online. No need to install software, just go to DocHub, and sign up instantly and for free. Learn how to get out of a car title loan without losing your vehicle. Follow these proven methods to save your car and your sanity. Even if you successfully complete a voluntary repossession, the payments you missed on the auto loan will still appear on your credit report. You'll avoid the costs of repossession and a negative entry on your credit report.