This form must be completed when a vehicle is repossessed. All fields are required to be completed.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. This form establishes ownership transfer from the previous owner to the repossessing lienholder, ensuring compliance with Texas law. This is a legal document and is provided as a courtesy free of charge. This document affects your legal rights and may give others access to you motor vehicle. This article explains when and why your vehicle or property can be repossessed, your rights, and how you might get the property back. The VTR-264 form, titled Repossessed Motor Vehicle Affidavit, is a necessary document for lienholders in Texas when a vehicle is repossessed. Texas repossession laws require a lender to have a valid lien on the vehicle to repossess without a court order.
