Texas Property Code Title 5, Chapter 61 - Motor Vehicle Mortgagee's Lien

• Texas Section 61.001 - Definitions
  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)...
• Texas Section 61.002 - Lien
  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...
• Texas Section 61.003 - Property To Which Lien Attaches
  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...
• Texas Section 61.004 - Amount Of Lien
  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...
• Texas Section 61.005 - Discharge Of Lien
  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: September 28, 2016