Texas Property Code

§ 5.203 — NOTICE REQUIREMENTS FOR CONTINUATION OF EXISTING PRIVATE TRANSFER FEE OBLIGATIONS

PR § 5.203Title 2. CONVEYANCES · Ch. 5. CONVEYANCES · Art. G. CERTAIN PRIVATE TRANSFER FEES PROHIBITED; PRESERVATION OF PRIVATE REAL PROPERTY RIGHTS

Statute text

View on source

(a)A person who receives a private transfer fee under a private transfer fee obligation created before the effective date of this subchapter must, on or before January 31, 2012, file for record a "Notice of Private Transfer Fee Obligation" as provided by this section in the real property records of each county in which the property is located.

(b)Multiple payees of a single private transfer fee under a private transfer fee obligation must designate one payee as the payee of record for the fee.

(c)A notice under Subsection (a) must:

(1)be printed in at least 14-point boldface type;

(2)state the amount of the private transfer fee and the method of determination, if applicable;

(3)state the date or any circumstance under which the private transfer fee obligation expires, if any;

…

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 211 (H.B. 8), Sec. 1, eff. June 17, 2011.