Texas Property Code
§ 215.018 — ALTERNATIVE PAYMENT SCHEDULE FOR CERTAIN ASSESSMENTS
PR § 215.018Title 11. RESTRICTIVE COVENANTS · Ch. 215. MASTER MIXED-USE PROPERTY OWNERS' ASSOCIATIONS
Statute text
View on source(a)A property owners' association shall adopt reasonable guidelines to establish an alternative payment schedule by which an owner may make partial payments to the association for delinquent regular or special assessments or any other amount owed to the association without accruing additional monetary penalties. For purposes of this section, monetary penalties do not include reasonable costs associated with administering the payment plan or interest.
(b)A property owners' association is not required to enter into a payment plan with an owner who failed to honor the terms of a previous payment plan.
(c)A property owners' association shall file the association's guidelines under this section in the real property records of each county in which any portion of the subdivision is located.
Legislative history
Added by Acts 2013, 83rd Leg., R.S., Ch. 673 (H.B. 1824), Sec. 4, eff. September 1, 2013.