TxDMV VTR-266 - Prescribed Form for Release of Lien

Form VTR-266 is a Prescribed Form for Release of Lien issued by the Texas Department of Motor Vehicles (TxDMV). This form is used by lienholders to release their interest in a motor vehicle when the lien has been satisfied or paid off by the vehicle owner. The purpose of this form is to provide a standardized format for lienholders to officially release their claim to the vehicle, allowing the vehicle owner to obtain a clear title. The parties involved in this form are the lienholder, who fills out the form and releases their interest in the vehicle, and the vehicle owner, who receives the released lien and can proceed with transferring or selling the vehicle without any encumbrances.

The form consists of sections where the lienholder provides essential information about the vehicle owner, the vehicle's description, and the details of the lien being released. The lienholder must also sign the form to certify the accuracy and legitimacy of the release. Once the form is completed and signed, it is submitted to the TxDMV, where the lien release is recorded, and the vehicle owner can obtain a clear title. This form is essential for ensuring that the vehicle owner has proper documentation to prove ownership and transfer or sell the vehicle without any legal complications.