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.
Tex. Prop. Code § 61.004
AMOUNT OF LIEN
Added by Acts 1989, 71st Leg., ch. 171, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.