TxDMV VTR-436 - Owner Retained Report

Form VTR-436 is an Owner Retained Report issued by the Texas Department of Motor Vehicles (TxDMV). This form is used by vehicle owners who choose to retain possession of their vehicles when the vehicle has been declared a total loss by the insurance company. The purpose of this form is to inform the TxDMV that the owner wishes to keep possession of the vehicle and will not be applying for a salvage or nonrepairable title. The parties involved in this form are the vehicle owner and the TxDMV, which processes the report and updates the vehicle's status in the database.

The form consists of sections where the vehicle owner provides essential information about themselves, the vehicle, and the insurance claim for the total loss. The owner must also sign a statement indicating their decision to retain possession of the vehicle. Once the form is completed and submitted to the TxDMV, the report is processed, and the vehicle's status is updated in the database, reflecting that the owner has retained the vehicle. This form is significant for allowing vehicle owners to retain possession of their vehicles when they are declared a total loss, providing them with the option to repair or reuse the vehicle as they see fit.