Form VTR-122 Rights of Survivorship Ownership Agreement for a Motor Vehicle - Texas

What Is Form VTR-122?

This is a legal form that was released by the Texas Department of Motor Vehicles - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form VTR-122?
A: Form VTR-122 is a Rights of Survivorship Ownership Agreement for a Motor Vehicle used in Texas.

Q: What is the purpose of Form VTR-122?
A: The purpose of Form VTR-122 is to establish rights of survivorship for ownership of a motor vehicle.

Q: What does rights of survivorship mean?
A: Rights of survivorship mean that if one owner of a motor vehicle dies, the ownership automatically transfers to the surviving owner(s).

Q: Who can use Form VTR-122?
A: Form VTR-122 can be used by individuals who co-own a motor vehicle in Texas and want to establish rights of survivorship.

Q: Is there a fee to submit Form VTR-122?
A: Yes, there is a fee associated with submitting Form VTR-122. Please check with the Texas Department of Motor Vehicles for the current fee amount.

Q: Can Form VTR-122 be used for any type of motor vehicle?
A: Yes, Form VTR-122 can be used for any type of motor vehicle, including cars, trucks, motorcycles, and trailers.

Q: Do both owners need to sign Form VTR-122?
A: Yes, both owners of the motor vehicle must sign Form VTR-122 in order to establish rights of survivorship.

Q: Is Form VTR-122 legally binding?
A: Yes, once Form VTR-122 is properly completed and submitted, it is considered a legally binding agreement.

Q: Can Form VTR-122 be revoked or terminated?
A: Yes, Form VTR-122 can be revoked or terminated by submitting a new agreement or completing the appropriate form with the Texas Department of Motor Vehicles.