Happy New Year! As we enter 2024, Texas property owners' associations must inform themselves about the latest legislative changes. These updates aim to enhance transparency and fairness in enforcing rules and assessing fines. Here is summary of two new laws affecting HOAs:
- Fines and Enforcement Policy: HB614 mandates that HOAs clearly outline and communicate their rules and fine schedules. The policy must cover the categories for property maintenance and repair, individual misconduct, and health and safety matters. Once the policy is established, it must be made readily accessible online or delivered directly to property owners via hand, mail, or email.
- Lien Process and Homeowner Protections: While not new for 2024, HB886 went into effect on September 1, 2023, and specifies the procedures that all Texas HOAs must follow before placing a lien on a homeowner's property. Crucially, the homeowner must be given at least three warnings before initiating the lien process. This law ensures homeowners are adequately informed and given fair notice. It offers a layer of protection and an opportunity to address any outstanding issues before a lien is imposed.
As we embrace the changes brought by these new laws in 2024, remember that staying informed and proactive is key to successfully managing your HOA. For a thorough understanding and application of these regulations, consult your HOA's legal team. They can provide detailed guidance and support.