Form VTR-130-SOF. Bonded Title Application or Tax Collector Hearing Statement of Fact
Form VTR-130-SOF, also known as the Bonded Title Application or Tax Collector Hearing Statement of Fact, is a legal document used in Texas to apply for a bonded title or request a tax collector hearing. The main purpose of this form is to provide a statement of fact regarding the ownership and condition of a vehicle for which the title cannot be obtained due to missing or incomplete documentation.
The form consists of several parts, including personal information about the applicant, details about the vehicle, and a statement of fact section where the applicant provides information about how they came into possession of the vehicle and any repairs or improvements made to the vehicle.
Important fields to consider when compiling this form include the make, model, and year of the vehicle, the Vehicle Identification Number (VIN), and the reason why the applicant is unable to obtain a valid title for the vehicle.
The parties involved in this form include the applicant, who is seeking a bonded title or tax collector hearing, and the Texas Department of Motor Vehicles, who will review the application and make a decision regarding the issuance of the bonded title or scheduling of the tax collector hearing.
When compiling this form, applicants will need to provide supporting documentation, such as a bill of sale, invoice, or repair receipts, to prove ownership and condition of the vehicle.
Examples of application and use cases for this form include situations where the vehicle owner has lost or misplaced the title, the title was never transferred properly, or the vehicle was purchased from an individual who did not have a valid title.
Benefits of using this form include the ability to obtain a bonded title for a vehicle that would otherwise be impossible to title, which can help the owner to sell the vehicle or obtain insurance coverage. However, there are also risks associated with using this form, such as the possibility of fraudulent activity or incorrect information being provided on the application.
Related and alternative forms to consider include the Texas Application for Salvage Vehicle Title, which is used to apply for a salvage title for a vehicle that has been declared a total loss, and the Texas Application for Title, which is used to apply for a standard title for a vehicle with a valid title.
The main difference between the VTR-130-SOF and other forms is that it is specifically designed for situations where a title cannot be obtained due to missing or incomplete documentation.
The form is submitted to the Texas Department of Motor Vehicles, and once approved, the bonded title will be issued and stored in the DMV's database. It is important to note that the bonded title may have restrictions and limitations, and the vehicle owner may be required to obtain additional documentation or inspections in order to fully register and title the vehicle.