This form is a release of a retained vendor's lien. The lienholder has agreed to release the property from the lien of the deed of trust and discharge all right and title to the property.
San Angelo Texas Release of Vendor's Lien
Category:
State:
Texas
City:
San Angelo
Control #:
TX-1049
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Word;
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FAQ
The statutes of limitation for collecting (or foreclosing) on both the vendor's lien and deed of trust is four years in Texas. If no legal action has been filed for collection on the liens for four years after the liens ma- ture, there is indication the liens have been paid.
To add or remove a lien on your vehicle title, visit your local county tax office. The title fee is $28 or $33, depending on your county, and must be paid at time of application. Please contact your local county tax office for the exact cost.
You will need to: Schedule a title transfer appointment with the tax office. Complete the Application for Texas Title (130-U) Provide your original release of lien letter or document and a valid photo ID. Pay the $33 application fee for a new title.
PLEASE NOTE: When you sell a vehicle, you do not need to remove a lien from the certificate of title. You can give the original title and the original lien release to the buyer.
After the lien on a vehicle is paid off, the lienholder has 10 days after receipt of payment to release the lien. If the lien was recorded on a paper title, the lienholder mails the title to you.
The holder of your note (the lienholder) should supply you with its signed and notarized release of lien after you payoff the note.
Prescribed Form for Release of Lien (Form VTR-266)
As far as lien waivers, the vast majority of states don't require notarization. However, Texas is one of those states that require notarized lien waivers.
Visit the nearest TxDMV regional service center. Complete the Application for a Certified Copy of Title (Form VTR-34). NOTE: All recorded owners must sign the form and provide photo ID (or a copy) at time of application.
A lien release is a document that is signed and issued by a contractor or subcontractor after a lien has already been filed. The purpose of the lien release is to release a lien that has been filed.