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Texas Property Code - Chapter 61 Motor Vehicle Mortgagee's LienLegal Research Home > Texas Lawyer > Property Code > Texas Property Code - Chapter 61 Motor Vehicle Mortgagee's Lien In this chapter: (1) "Motor vehicle" means any motor-driven or propelled vehicle required to be registered or licensed under the laws of this state. (2) ... A mortgagee has a lien on a cause of action or other claim of a mortgagor in connection with an accident that involves a motor ... The lien attaches to: (1) a cause of action for damages arising from property damage to a motor vehicle on which the mortgagee has perfected ... The amount of the lien is the lesser of: (1) the fair market value of the motor vehicle before the accident; (2) the reasonable cost ... If the property to which a lien created under this chapter attaches is paid jointly to the mortgagee and the mortgagor, the lien is discharged. ... Last modified: August 10, 2007 |