Sec. 215.018. ALTERNATIVE PAYMENT SCHEDULE FOR CERTAIN ASSESSMENTS. (a) A property owners' association shall adopt reasonable guidelines to establish an alternative payment schedule by which an owner may make partial payments to the association for delinquent regular or special assessments or any other amount owed to the association without accruing additional monetary penalties. For purposes of this section, monetary penalties do not include reasonable costs associated with administering the payment plan or interest.
(b) A property owners' association is not required to enter into a payment plan with an owner who failed to honor the terms of a previous payment plan.
(c) A property owners' association shall file the association's guidelines under this section in the real property records of each county in which any portion of the subdivision is located.
Added by Acts 2013, 83rd Leg., R.S., Ch. 673 (H.B. 1824), Sec. 4, eff. September 1, 2013.
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