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Texas Property Code - PROP § 215.014. Priority of Payments

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Property Code - PROP § 215.014. Priority of Payments - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-215-014/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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