Form VTR-346. Texas Motor Vehicle Transfer Notification

Form VTR-346. Texas Motor Vehicle Transfer Notification

Form VTR-346, also known as the Texas Motor Vehicle Transfer Notification, is a form used to notify the Texas Department of Motor Vehicles (DMV) that a vehicle has been sold or transferred. The main purpose of the form is to ensure that the seller is no longer responsible for the vehicle and that the buyer is the new registered owner.

The form consists of several parts, including the seller's information, the buyer's information, the vehicle information, and the odometer reading. The important fields that must be filled out include the seller's name, address, and signature, as well as the buyer's name and address. The vehicle information includes the make, model, year, and vehicle identification number (VIN). The odometer reading is also required to ensure that the vehicle's mileage is accurately recorded.

The parties involved in the form are the seller and the buyer of the vehicle. It is important to consider that the form must be completed within 30 days of the sale or transfer of the vehicle. The data required when compiling the form includes the seller's and buyer's contact information, the vehicle information, and the odometer reading. Additionally, a copy of the vehicle's title must be attached to the form when submitting it to the Texas DMV.

An application example of the form is when an individual sells their car to another person in Texas. The seller must complete the form and submit it to the Texas DMV to ensure that they are no longer responsible for the vehicle. The buyer must also submit the form to ensure that they are the new registered owner of the vehicle.

The benefits of completing the form include ensuring that the seller is no longer responsible for the vehicle and that the buyer is the new registered owner. The challenges and risks of not completing the form include the seller remaining responsible for the vehicle, such as traffic tickets or accidents, and the buyer being unable to register the vehicle.

Related forms include the Application for Texas Title and/or Registration (Form 130-U) and the Bill of Sale (Form VTR-40). An alternative form is the Notice of Transfer and Release of Liability form used in California.

The completion of the form affects the future of the participants by ensuring that the seller is no longer responsible for the vehicle and that the buyer is the new registered owner. The form is submitted to the Texas DMV and can be stored electronically or in paper form.

In conclusion, Form VTR-346 is an important form used to transfer ownership of a vehicle in Texas. It is important to complete the form accurately and within 30 days of the sale or transfer to ensure that the seller is no longer responsible for the vehicle and that the buyer is the new registered owner.