By: Flores  S.B. No. 2586
         (In the Senate - Filed March 13, 2025; April 3, 2025, read
  first time and referred to Committee on Business & Commerce;
  May 5, 2025, reported adversely, with favorable Committee
  Substitute by the following vote:  Yeas 11, Nays 0; May 5, 2025,
  sent to printer.)
Click here to see the committee vote
 
  COMMITTEE SUBSTITUTE FOR S.B. No. 2586 By:  King
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to information that a property owners' association must
  file with the Texas Real Estate Commission.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Chapter 209, Property Code, is amended by adding
  Section 209.00405 to read as follows:
         Sec. 209.00405.  INFORMATION TO BE FILED WITH TEXAS REAL
  ESTATE COMMISSION. (a) In this section, "commission" means the
  Texas Real Estate Commission.
         (b)  Not later than the seventh day after the date a property
  owners' association files a management certificate for recording
  under Section 209.004(a) or files an amended management certificate
  for recording under Section 209.004(b), the property owners'
  association shall electronically file the following information
  with the commission:
               (1)  the property owners' association's dedicatory
  instruments; and
               (2)  the enforcement policy required under Section
  209.0061, as applicable.
         (c)  The commission shall only collect the information
  required under Subsection (b) for the purpose of making the data
  accessible to the general public through an Internet website.
         (d)  Except as provided under Subsection (e), a property
  owners' association and its officers, directors, employees, and
  agents are not subject to liability to any person for a delay in
  electronically filing or failure to electronically file the
  information required under Subsection (b) with the commission,
  unless the delay or failure is wilful or caused by gross negligence.
         (e)  If a property owners' association fails to file the
  information required under Subsection (b), an owner is not liable
  to the property owners' association for any assessments, fines, or
  fees levied against the owner by the association during the period
  the information is not electronically filed with the commission as
  required under Subsection (b).
         SECTION 2.  (a) Not later than December 1, 2025, the Texas
  Real Estate Commission shall establish and make available the
  system necessary for the electronic filing of the information
  required under Section 209.00405(b), Property Code, as added by
  this Act.
         (b)  Notwithstanding Section 209.00405(b), Property Code, as
  added by this Act, a property owners' association that has on or
  before December 1, 2025, recorded a management certificate or
  amended management certificate with a county clerk under Section
  209.004, Property Code, shall electronically file the information
  required by Section 209.00405(b), Property Code, with the Texas
  Real Estate Commission not later than June 1, 2026.
         SECTION 3.  This Act takes effect September 1, 2025.
 
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