Tex. Prop. Code § 215.014

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 215.014 - Priority of Payments

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

(6) any other amount owed to the association.

Tex. Prop. Code § 215.014

Added by Acts 2011, 82nd Leg., R.S., Ch. 1167, Sec. 1, eff. 9/1/2011.