Texas Property Code

§ 61.003 — PROPERTY TO WHICH LIEN ATTACHES

PR § 61.003Title 5. EXEMPT PROPERTY AND LIENS · Part B. LIENS · Ch. 61. MOTOR VEHICLE MORTGAGEE'S LIEN

Statute text

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 a lien caused by an accident that is attributable to the negligence of another person;

(2)a judgment of a court in favor of a mortgagor arising from property damage to a motor vehicle on which the mortgagee has perfected a lien caused by an accident that is attributable to the negligence of another person;

(3)the proceeds of a settlement of a cause of action or a claim by the mortgagor for property damage to a motor vehicle on which the mortgagee has perfected a lien caused by an accident that is attributable to the negligence of another person; and

(4)the proceeds of a property damage liability insurance policy carried by another person that protects the other person against property damage loss caused by accident or collision.

Legislative history

Added by Acts 1989, 71st Leg., ch. 171, Sec. 1, eff. Sept. 1, 1989.