HB 2504
AN ACT relating to fees charged by certain property owners' associations
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
Limits the fees that property owners' associations can charge for resale certificates and their updates. Property owners' associations can now charge a maximum of $375 for assembling and delivering a resale certificate, and up to $75 for updating the certificate, with no additional fees permitted for related activities like inspections. The law aims to provide transparency and prevent excessive charges for homeowners and potential home buyers when obtaining property association documentation.
Subject Areas
Bill Text
relating to fees charged by certain property owners' associations for resale certificates and updates of resale certificates. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 207.003(c), Property Code, is amended to (c) A property owners' association may charge a reasonable and necessary fee, not to exceed $375, to assemble, copy, and deliver the information required by this section and may charge a reasonable and necessary fee, not to exceed $75, to prepare and deliver an update of a resale certificate under Subsection (f). A property owners' association may not charge any other fee in connection with preparing or delivering a resale certificate or update of a resale certificate as required by this section, including a fee for an inspection or other activity performed by the association in connection with acquiring or updating the information contained in the resale certificate. SECTION 2. This Act takes effect September 1, 2025.
Bill History
Bill filed: AN ACT relating to fees charged by certain property owners' associations
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