TxDMV VTR-340-M - Surrendered Ownership Evidence for Vehicles Permanently Destroyed

Form VTR-340-M is a Surrendered Ownership Evidence for Vehicles Permanently Destroyed issued by the Texas Department of Motor Vehicles (TxDMV). This form is used by individuals or entities involved in permanently destroying a vehicle to provide evidence of ownership surrender. The purpose of this form is to document the lawful disposal of the vehicle and ensure that it is no longer registered or titled. The parties involved in this form are the vehicle owner or the entity surrendering the ownership, and the TxDMV, which uses the information to update the vehicle's records and ensure compliance with disposal regulations.

The form consists of sections where the owner or entity provides essential information about the vehicle, including the vehicle identification number (VIN), description, and reason for permanent destruction. The owner or entity must also sign a declaration stating that the vehicle will be permanently destroyed and that they surrender the ownership. Once the form is completed and submitted to the TxDMV, the information is used to update the vehicle's records, indicating that it is no longer registered or titled. This form is essential for ensuring the proper and legal disposal of vehicles and helps prevent abandoned or unregistered vehicles from remaining in circulation.