Tex. Transp. Code § 501.115

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 501.115 - Discharge of Lien

(a) When a debt or claim secured by a lien has been satisfied, the lienholder shall, within a reasonable time not to exceed the maximum time allowed by Section 348.408 or 353.405(b), Finance Code, as applicable, execute and deliver to the owner, or the owner's designee, a discharge of the lien in a manner prescribed by the department.

(b) The owner may submit the discharge and title to the department for a new title.

Acts 2011, 82nd Leg., R.S., Ch. 1296 (H.B. 2357), Sec. 54, eff. January 1, 2012

Amended by: Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 24, eff. September 1, 2011

Acts 1999, 76th Leg., ch. 268, Sec. 1, eff. May 28, 1999

Amended by Acts 1997, 75th Leg., ch. 296, Sec. 1, eff. Sept. 1, 1997

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