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Texas Property Code - PROP § 61.003. Property to Which Lien Attaches

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Property Code - PROP § 61.003. Property to Which Lien Attaches - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-61-003/

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