Texas Transportation Code 501.003 – Purpose
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Terms Used In Texas Transportation Code 501.003
- Lien: A claim against real or personal property in satisfaction of a debt.
This chapter shall be liberally construed to lessen and prevent:
(1) the theft of motor vehicles;
(2) the importation into this state of and traffic in motor vehicles that are stolen; and
(3) the sale of an encumbered motor vehicle without the enforced disclosure to the purchaser of a lien secured by the vehicle.