Texas Property Code

§ 209.0063 — PRIORITY OF PAYMENTS

PR § 209.0063Title 11. RESTRICTIVE COVENANTS · Ch. 209. TEXAS RESIDENTIAL PROPERTY OWNERS PROTECTION ACT

Statute text

(a)Except as provided by Subsection (b), a payment received by a property owners' association from the owner shall be applied to the owner's debt in the following order of priority:

(1)any delinquent assessment;

(2)any current assessment;

(3)any reasonable attorney's fees or reasonable third party collection costs incurred by the association associated solely with assessments or any other charge that could provide the basis for foreclosure;

(4)any reasonable attorney's fees incurred by the association that are not subject to Subdivision (3);

(5)any reasonable fines assessed by the association; and

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Legislative history

Acts 2021, 87th Leg., R.S., Ch. 951 (S.B. 1588), Sec. 15, eff. September 1, 2021.