Sec. 501.116. CANCELLATION OF DISCHARGED LIEN. The department may cancel a discharged lien that has been recorded on a title for 10 years or more if the recorded lienholder:
(1) does not exist; or
(2) cannot be located for the owner to obtain a release of the lien.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1296 (H.B. 2357), Sec. 55, eff. January 1, 2012.
Structure Texas Statutes
Title 7 - Vehicles and Traffic
Subtitle A - Certificates of Title and Registration of Vehicles
Chapter 501 - Certificate of Title Act
Subchapter F. Security Interests
Section 501.111. Perfection of Security Interest
Section 501.112. Sale or Security Interest Not Created by Certain Vehicle Leases
Section 501.113. Recordation of Security Interest
Section 501.114. Assignment of Lien
Section 501.115. Discharge of Lien