The bill, H.B. No. 140, proposes the repeal of Section 202.024 of the Property Code, which currently prohibits property owners' associations from imposing rental restrictions based on a tenant's method of payment. This change aims to eliminate any limitations that associations may have regarding how tenants can pay their rent, thereby potentially increasing rental flexibility for property owners and tenants alike.

If enacted, this bill will take effect 91 days after the conclusion of the legislative session. The repeal of this prohibition reflects a shift in policy that could impact the rental market and the governance of property owners' associations in Texas.

Statutes affected:
Introduced: Property Code 202.024 (Property Code 202)