ORIGINFORMSTUDIO.COM – VTR-266 – Prescribed Form for Release of Lien – The VTR-266 form is an important document used in the release of a lien in the state of Texas. A lien is a legal claim against property that provides security to its holder if a debt or other obligation goes unpaid. The VTR-266 form is one of the most widely used forms to provide proof that the lienholder has been paid and has released their interest in the underlying property.
Download VTR-266 – Prescribed Form for Release of Lien
|Form Title||Prescribed Form for Release of Lien|
|File Size||1 MB|
|Form By||Texas DMV Form|
What is a VTR-266 Form?
A VTR-266 Form is a Texas Department of Motor Vehicles (TXDMV) prescribed form that serves as the official document to release a lien on a vehicle. This form must be completed and notarized in order to prove the lienholder has been paid, releasing them from their interest in the vehicle. It should be noted that if you are unable to obtain the signature of the lender, you may submit an Affidavit of Lien Satisfaction along with this form.
The VTR-266 Form must include information about both parties involved, such as name and address for both the owner and lienholder; details about the vehicle including year, make, model, VIN number; and a statement confirming that all obligations have been met by owner for payment of any outstanding balance due on loan secured by said lien.
What is the Purpose of the VTR-266 Form?
The VTR-266 form is a document that must be completed in full before any lien can be released. It serves to provide legal proof of the release and discharge of a lien on a vehicle, vessel, or other tangible property. The form is issued by the Texas Department of Motor Vehicles (TxDMV) and must be signed by an authorized representative from the county clerk’s office.
By completing this form, the creditor acknowledges that all debts associated with the lien have been paid in full and no further action is required to satisfy such debt. The form also serves to notify any third parties who may have an interest in the property that it has been released from its previous liens or encumbrances. Additionally, it provides evidence of ownership that can be used for registration purposes or used as proof when selling a vehicle or vessel.
Where Can I Find a VTR-266 Form?
The VTR-266 is a prescribed form by the Texas Department of Motor Vehicles and is used to release vehicle liens. The form must be signed by all parties involved in the lien, including the secured party and debtor, in order to be valid. The form must also include specific information such as vehicle identification numbers, odometer readings, and other details related to the lien.
The VTR-266 can be found on the Texas DMV website at: https://www.txdmv.gov/motorists/buying-or-selling-a-vehicle/release-of-lien. It can also be picked up from any county tax office or local dealer of motor vehicles.
VTR-266 – Prescribed Form for Release of Lien
The VTR-266 is a form prescribed by the Texas Department of Motor Vehicles for releasing liens on motor vehicles. It must be signed by the lienholder and sent to the Texas DMV with other required documents in order to release the lien. The VTR-266 form can also be downloaded from the Texas DMV website, which provides instructions on how to complete it correctly.
To begin, lienholders must provide their name, address and contact information at the top of the form. Then they must enter certain details about the vehicle including its registration number, make/model year and Vehicle Identification Number (VIN). This is followed by providing information regarding who has an interest in this vehicle – including any co-signers or mortgagors – as well as any security interest holders or liens that are being released.