The bill, H.B. No. 2828, amends Chapter 209 of the Property Code by adding a new section, 209.00635, which addresses the acceptance of partial payments by property owners' associations. According to the new provision, a property owners' association is not obligated to accept partial payments from an owner for any amounts owed unless such payments are made under a specific payment plan or a written agreement that the association has entered into with the owner. This means that without a formal arrangement, associations can refuse to accept partial payments.
The bill is set to take effect on September 1, 2025, allowing property owners' associations to establish clearer guidelines regarding payment arrangements and potentially reducing disputes over partial payments.
Statutes affected: Introduced: ()