Bill > HB2504

This bill modifies the Texas Property Code to regulate fees that property owners' associations can charge for resale certificates, which are documents providing important information about a property's status and obligations when it is being sold. Currently, associations can charge up to $375 to assemble and deliver a resale certificate and up to $75 to prepare an update to that certificate. The key change is that the bill explicitly prohibits property owners' associations from charging any additional fees beyond these established amounts, specifically preventing them from adding extra charges for inspections or other activities related to gathering or updating the certificate's information. By setting these clear limits, the bill aims to make the resale certificate process more transparent and affordable for property owners. The provisions will take effect on September 1, 2025, giving property owners' associations time to adjust their fee structures to comply with the new requirements.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB2504