Texas Property Code

§ 215.014 — PRIORITY OF PAYMENTS

PR § 215.014Title 11. RESTRICTIVE COVENANTS · Ch. 215. MASTER MIXED-USE PROPERTY OWNERS' ASSOCIATIONS

Statute text

Unless otherwise provided in writing by the property owner at the time payment is made, 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 attorney's fees incurred by the association associated solely with assessments or any other charge that could provide the basis for foreclosure;

(4)any fines assessed by the association;

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

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Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 1167 (H.B. 2869), Sec. 1, eff. September 1, 2011.