The bill, S.B. No. 2586, amends Chapter 209 of the Property Code by adding Section 209.00405, which mandates that property owners' associations electronically file specific information with the Texas Real Estate Commission. This information includes the rules and regulations adopted by the association and the enforcement policy required under Section 209.0061. The filing must occur within seven days of submitting a management certificate or an amended management certificate. The commission is tasked with making this data accessible to the public via an internet website.

Additionally, the bill introduces an administrative penalty for associations that fail to comply with the filing requirements, imposing a fine of $1,000 for the first day of violation and $500 for each subsequent day. The penalties collected will be deposited into the state treasury as general revenue. The Texas Real Estate Commission is required to establish the electronic filing system by December 1, 2025, and associations that have recorded management certificates before this date must file the required information by June 1, 2026. The act is set to take effect on September 1, 2025.

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