you would need to fill out a OOT declaration form' after having explained the situation.
That's correct procedure. But you seem to have inferred that it would be accepted. IMO you would not succeed with TEC. It is your legal duty to keep your V5C details up to date. You didn't.
The authority's duty is to use the DVLA address, which they have done.
As for the comments about the warrant!
Yes, they cannot execute a warrant at the 'wrong' address. So what? They'll just get the authority to change the address. It's not a get-out-of-jail card. They should also have carried out a trace to check that the address given by the authority was correct. Maybe they tried, but if they did it wasn't hard enough because your name and address are held by DVLA. But these matters have NOTHING to do with the underlying penalty which is what TEC deal with.
And the occupier would still get a visit!