1. (a) Notwithstanding any other law, a person authorized to dispose of property for which a lien under this chapter is attached may dispose of the property in accordance with Subchapter D, Chapter 683, Transportation Code, if:

   1. (1) the property is a motor vehicle; and

   2. (2) the person determines that:

      1. (A) the vehicle's only residual value is as a source of parts or scrap metal; or
      2. (B) it is not economical to dispose of the vehicle at a public sale.
2. (b) If a person disposes of the property under Subsection (a), the person shall apply the fair market value of the motor vehicle to the charges due to the person.

Added by Acts 2017, 85th Leg., R.S., Ch. 1061 (H.B. 3131), Sec. 3, eff. September 1, 2017.