Enrolled Bill Summary

House Bill 2054 amends Property Code provisions concerning residential construction projects and contracts. The act clarifies the contents of a disclosure statement that the original contractor must provide to an owner before a contract for residential construction is entered, specifies the information that must be included in a disbursement statement by the contractor to the owner, and authorizes an owner to waive the right to receive a list of subcontractors and suppliers under certain circumstances. The act also extends the deadline for forwarding certain documents relating to a lien on property from one to five business days.