Sec. 215.014. PRIORITY OF PAYMENTS. 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.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1167 (H.B. 2869), Sec. 1, eff. September 1, 2011.
Structure Texas Statutes
Title 11 - Restrictive Covenants
Chapter 215 - Master Mixed-Use Property Owners' Associations
Section 215.002. Applicability of Chapter
Section 215.003. Applicability of Chapter 209
Section 215.004. Conflicts of Law
Section 215.006. Annual Meeting of Association Members; Notice of Annual or Special Meeting
Section 215.007. Board Meetings
Section 215.009. Restrictive Covenants
Section 215.010. Attorney's Fees in Breach of Restrictive Covenant Action
Section 215.012. Resale Certificates
Section 215.013. Management Certificate
Section 215.0135. Association Records
Section 215.014. Priority of Payments
Section 215.016. Notice Required Before Certain Enforcement Actions
Section 215.017. Hearing Before Board
Section 215.018. Alternative Payment Schedule for Certain Assessments