Tex. Transp. Code § 501.113

RECORDATION OF SECURITY INTEREST

Known as the Certificate of Title Act

The act spans §§ 501–501 (103 sections).

Applied in 1 court decision — leading case Wells Fargo Equipment Finance v. Rodriguez (2010)

Most recently applied in Wells Fargo Equipment Finance v. Rodriguez (April 2010)

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff

(a) Recordation of a lien under this chapter is considered to occur when:

(1) the department's titling system is updated; or

(2) the county assessor-collector accepts the application of title that discloses the lien with the filing fee.

(b) For purposes of Chapter 9, Business & Commerce Code, the time of recording a lien under this chapter is considered to be the time of filing the security interest, and on such recordation, the recorded lienholder and assignees under Section 501.114 obtain priority over the rights of a lien creditor, as defined by Section 9.102, Business & Commerce Code, for so long as the lien is recorded on the title.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.