Texas Statutes (Last Updated: January 4, 2014) |
PROPERTY CODE |
Title 11. RESTRICTIVE COVENANTS |
Chapter 209. TEXAS RESIDENTIAL PROPERTY OWNERS PROTECTION ACT |
Sec. 209.0063. PRIORITY OF PAYMENTS
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(a) Except as provided by Subsection (b), 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 or third party collection costs incurred by the association associated solely with assessments or any other charge that could provide the basis for foreclosure;
(4) any attorney's fees incurred by the association that are not subject to Subdivision (3);
(5) any fines assessed by the association; and
(6) any other amount owed to the association.
(b) If, at the time the property owners' association receives a payment from a property owner, the owner is in default under a payment plan entered into with the association:
(1) the association is not required to apply the payment in the order of priority specified by Subsection (a); and
(2) in applying the payment, a fine assessed by the association may not be given priority over any other amount owed to the association.