Form VTR-265-FM. Franchise Mechanic's Lien Foreclosure - Texas

The Form VTR-265-FM is used in Texas for franchise mechanic's lien foreclosure. This form is necessary when a franchised motor vehicle dealer seeks to foreclose on a mechanic's lien against a vehicle that has been abandoned or not claimed by the owner.

The form consists of sections that require accurate completion, including details about the vehicle, the lienholder, and any additional required documentation or information.

When filling out the Form VTR-265-FM, it is important to:

• Provide accurate information about the vehicle, including the make, model, year, and identification number.
• Include details about the lienholder, such as name, address, and contact information.
• Attach any required supporting documentation, such as evidence of the mechanic's lien, notification attempts to the vehicle owner, and compliance with applicable laws and regulations.

This form is necessary for franchised motor vehicle dealers to initiate the foreclosure process on a mechanic's lien when the vehicle owner has abandoned or failed to claim the vehicle. It allows the dealer to legally take possession of the vehicle to satisfy the outstanding debt.

An alternative form may be the Application for Repossession Affidavit, which is used when a vehicle is repossessed due to non-payment. The Form VTR-265-FM, however, specifically focuses on the foreclosure of a mechanic's lien against an abandoned or unclaimed vehicle.