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Any fines levied before January 1, read more 2024 are going to be enforced as normal, whether or not the association has set up a completely new policy or not. Fines which have been due following the effective date might be subject for the association's new plan under Texas condition regulation.
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This legislation aims to increase clarity in Texas HOA insurance policies. This makes certain that communities continue being compliant and reliable In regards to enforcement of policies.
A returning Invoice from former legislative sessions, HB 614, often known as "Fines and Enforcement Plan," requires all Texas HOAs to ascertain enforcement procedures detailing different types of restrictions as well as the agenda of fines for every. This law particularly states: