yourstate.us
Home / Texas / Property Code
Tex. Property Code § 162.006

CONSTRUCTION ACCOUNT REQUIRED IN CERTAIN CIRCUMSTANCES

Texas · Texas Property Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Property Code § 162.006, CONSTRUCTION ACCOUNT REQUIRED IN CERTAIN CIRCUMSTANCES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/565195
Permanent ID
ys:prov:565195@1
SHA-256
7173ba3cbc7a1ad7fe152c9cf1103a8f2e1c7761550b03e280466108f7c76083

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) A contractor who enters into a written contract with a property owner to construct improvements to a residential homestead for an amount exceeding $5,000 shall deposit the trust funds in a construction account in a financial institution. (b) The periodic statement received from the financial institution must refer to the account as a "construction account" to satisfy the requirements of this section.