Tex. Prop. Code § 61.004 · Chapter 61. MOTOR VEHICLE MORTGAGEE'S LIEN
AMOUNT OF LIEN.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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 of repair to the motor vehicle; or
(3) the balance owed to the mortgagee by the mortgagor.
Notes and commentary — not statutory text
History
Added by Acts 1989, 71st Leg., ch. 171, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1993, 73rd Leg., ch. 48, Sec. 11, eff. Sept. 1, 1993.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.61.htm
- Text hash
- sha256 30437a1b02efe1942082a89daeb655cba9a361d38917fe431e2042e671990674
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.