§ 501.111 Perfection of Security Interest
§ 501.112 Sale or Security Interest Not Created by Certain Vehicle Leases
§ 501.113 Recordation of Security Interest
§ 501.114 Assignment of Lien
§ 501.115 Discharge of Lien
§ 501.116 Cancellation of Discharged Lien
§ 501.117 Electronic Lien System
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Terms Used In Texas Transportation Code Chapter 501 > Subchapter F - Security Interests

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Property: means real and personal property. See Texas Government Code 311.005
  • Rule: includes regulation. See Texas Government Code 311.005
  • Year: means 12 consecutive months. See Texas Government Code 311.005