TxDMV VTR-265-FM - Franchise Mechanic's Lien Foreclosure

Form VTR-265-FM is a Franchise Mechanic's Lien Foreclosure issued by the Texas Department of Motor Vehicles (TxDMV). This form is used by franchised dealers to initiate the foreclosure of a mechanic's lien on a motor vehicle when the owner fails to pay for repairs or services provided by the dealer. The purpose of this form is to allow the dealer to claim possession of the vehicle and proceed with its sale to recover the outstanding debt for the rendered services. The parties involved in this process are the franchised dealer, who files the form with the TxDMV, and the vehicle owner, who is informed about the lien foreclosure and the impending sale of the vehicle to settle the unpaid debt.

The form consists of sections where the dealer provides essential details such as their business information, the vehicle owner's information, a description of the services rendered, and the total amount due. The dealer must also provide evidence that they provided notice to the vehicle owner about the unpaid debt before proceeding with the lien foreclosure. This notice is usually in the form of a certified letter. Once the form is submitted to the TxDMV, it starts the process of foreclosure, and the vehicle may be sold at a public auction to recover the debt.