Chapter 18: Lien Sales – Abandoned – Abated Vehicles
18.015 Cost to Conduct a Lien Sale
Chapter 18 Lien Sales—Abandoned—Abated Vehicles
18.015 Cost to Conduct a Lien Sale (CCC §3074 and CH&NC §507.5)
Once a lienholder has requested the names and addresses of all persons having an interest in the vehicle from the Department of Motor Vehicles (DMV), a lien sale preparation fee may be charged.
- The fee may not exceed $70 for vehicles valued at $4,000 or less or $100 for vehicles valued over $4,000 or from a self-service storage facility.
- This fee becomes part of the possessory lien, however, only half of this fee can be charged if the vehicle is redeemed before the lien sale notifications have been mailed.
- This fee cannot be charged if the vehicle is redeemed within 72 hours of its initial storage.
The cost of processing a lien sale cannot exceed:
- $100 for a vessel only.
- $125 for a vessel and trailer.