HB 2504

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
Individual Liberty
Digest
HB 2504 limits the fees that property owners' associations (POAs) can charge for resale certificates and updates to resale certificates in real estate transactions. The bill amends the Property Code to cap the maximum fee at $375 for a resale certificate and $75 for an update to a resale certificate. Additionally, it prohibits POAs from charging any other fees related to the preparation or delivery of these documents, including inspection fees or fees for other administrative tasks performed in connection with resale certificate preparation.
Author (1)
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