Texas Transportation Code - TRANSP § 501.152. Sale or Offer Without Title Receipt or Title

(a) Except as provided by this section, a person commits an offense if the person:

(b) It is not a violation of this section for the beneficial owner of a vehicle to sell or offer to sell a vehicle without having possession of the title to the vehicle if the sole reason he or she does not have possession of the title is that the title is in the possession of a lienholder who has not complied with the terms of Section 501.115(a).