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Bill > SB2586


TX SB2586

TX SB2586
Relating to information that a property owners' association must file with the Texas Real Estate Commission.


summary

Introduced
03/13/2025
In Committee
05/08/2025
Crossed Over
05/07/2025
Passed
Dead
06/02/2025

Introduced Session

89th Legislature Regular Session

Bill Summary

AN ACT relating to information that a property owners' association must file with the Texas Real Estate Commission.

AI Summary

This bill requires property owners' associations (POAs) to electronically file two specific types of documents with the Texas Real Estate Commission (TREC) within seven days of recording a management certificate: their dedicatory instruments (official documents that establish the association's rules and regulations) and their enforcement policy. The purpose of this filing is to make these documents publicly accessible through an online website. The bill provides liability protections for POAs, stating they are not liable for delays or failures to file unless those are intentional or result from gross negligence. Notably, if a POA fails to file these required documents, owners are exempt from paying any assessments, fines, or fees levied by the association during the period of non-compliance. The Texas Real Estate Commission must establish the electronic filing system by December 1, 2025, and POAs that have already recorded management certificates must file their documents by June 1, 2026. The bill will take effect on September 1, 2025, providing POAs with time to prepare for the new requirements and giving TREC time to develop the necessary electronic filing system.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Referred to Trade, Workforce & Economic Development (on 05/08/2025)

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